Ok I did a little research. The account must be op
Post# of 148155
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?