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regular brokerage account-->roth?


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Guest carrrottt09
Posted

I am curious as to whether I can transfer a mutual fund from a regular brokerage account to a Roth IRA. I can' seem to find a straight answer anywhere... I was hoping I could find some help here.

Thanks.

Posted

You fund a Roth with cash. You can not transfer any other kind of assets from a brokerage into a Roth. You can certainly sell the fund, then use cash to fund your Roth. Remember, selling is a taxable event.

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