Funding IRA

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Funding IRA PeterL 03-28-2007  Re: Funding IRA Dave Dodson 03-28-2007  Re: Funding IRA PeterL 03-28-2007  Re: Funding IRA rick++ 03-28-2007  Re: Funding IRA joetaxpayer 03-28-2007  Re: Funding IRA PeterL 03-28-2007
Posted by PeterL on March 28, 2007, 5:02 am I need to fund my IRA but I don't have enough cash. Can I move some mutual funds into my IRA account? Posted by Dave Dodson on March 28, 2007, 9:15 am > I need to fund my IRA but I don't have enough cash. Can I move some > mutual funds into my IRA account? You can only fund an IRA with cash, but you can sell some of your mutual funds and use the proceeds to fund the IRA. Dave Posted by PeterL on March 28, 2007, 11:56 am > > > I need to fund my IRA but I don't have enough cash. Can I move some > > mutual funds into my IRA account? > > You can only fund an IRA with cash, but you can sell some of your > mutual funds and use the proceeds to fund the IRA. > > Dave That's what I am trying to avoid, having to sell stocks or mutual funds. But so be it. Posted by rick++ on March 28, 2007, 9:31 am This year you can direct a refund, if any, go into an IRA. Posted by joetaxpayer on March 28, 2007, 11:56 am PeterL wrote: > I need to fund my IRA but I don't have enough cash. Can I move some > mutual funds into my IRA account? Only cash may be deposited to an IRA. (A Roth conversion may be stock moved from a standard IRA to the Roth, but that's another situation). You can set up the IRA, and request the Mutual fund be sold, cash transfered, and bought in the IRA, the time you're out of the fund shouldn't be more than a couple days. Similar Threads Posted Funding an LLC through the contribution of property July 11, 2007, 12:03 pm Funding 529 College Plan with stock January 14, 2007, 4:27 pm