(Total Views: 452)
Posted On: 07/14/2021 8:11:47 AM
Post# of 154147
Ok I did a little research. The account must be open for 5 years and you must be older than 59 1/2 before you can withdraw tax free. But once you meet these requirements I don't think there is a minumum holding time for any individual investment.
In my case i am considering using shares I already hold post tax. ( not in IRA). I am over 59.5 but havnt started a ROTH yet so would have to hold for the 5 years altough I could withdraw any principle invested ( original cost basis) without tax . I guess that profit would be taxed as long or short term gain if realized before the 5 year window.
There is also a maximum income limit of $145K so if you make more than that then you are not eligable to start a ROTH. Evidentley Peter Theil used some slight of hand one year to reduce his income to the point he could slide a lot of PayPal over at 0.0001 USD/share. Now he is 60 and selling for a cool 900 million tax free payday.
In my case I think i could put 1000 shares in and in 5 years it is what it is right ?
Sorry to be long winded but this is much more interesting to me than listening to a bunch of puffed up doctors compare you know whats and complain about the company, the other investors, etc etc. What ever happebed to just posting straight up news anyway?
In my case i am considering using shares I already hold post tax. ( not in IRA). I am over 59.5 but havnt started a ROTH yet so would have to hold for the 5 years altough I could withdraw any principle invested ( original cost basis) without tax . I guess that profit would be taxed as long or short term gain if realized before the 5 year window.
There is also a maximum income limit of $145K so if you make more than that then you are not eligable to start a ROTH. Evidentley Peter Theil used some slight of hand one year to reduce his income to the point he could slide a lot of PayPal over at 0.0001 USD/share. Now he is 60 and selling for a cool 900 million tax free payday.
In my case I think i could put 1000 shares in and in 5 years it is what it is right ?
Sorry to be long winded but this is much more interesting to me than listening to a bunch of puffed up doctors compare you know whats and complain about the company, the other investors, etc etc. What ever happebed to just posting straight up news anyway?
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