http://gotoretirement.com/2009/01/why-fund-ira-2008-2009/ A Baby Boomer's Journey from Retirement Planning to Retirement Living Tue, 16 Mar 2010 17:58:44 +0000 http://wordpress.org/?v=2.9 hourly 1 http://gotoretirement.com/2009/01/why-fund-ira-2008-2009/comment-page-1/#comment-731 Mr. GoTo Mon, 23 Mar 2009 20:26:20 +0000 http://gotoretirement.com/?p=669#comment-731 Will - It depends on whether you will owe capital gains taxes on the sale of your existing funds and if so, on whether you will have other capital losses in 2009 to offset them. If you will be selling at a net loss or close to break-even, then I can't think of a good reason not to do it. Just be quick about getting out then back into the market if you think the current rally will continue. You don't want to be on the sideline too long with your Roth money sitting in cash. Will – It depends on whether you will owe capital gains taxes on the sale of your existing funds and if so, on whether you will have other capital losses in 2009 to offset them. If you will be selling at a net loss or close to break-even, then I can’t think of a good reason not to do it. Just be quick about getting out then back into the market if you think the current rally will continue. You don’t want to be on the sideline too long with your Roth money sitting in cash.

]]> http://gotoretirement.com/2009/01/why-fund-ira-2008-2009/comment-page-1/#comment-730 Will Mon, 23 Mar 2009 20:05:03 +0000 http://gotoretirement.com/?p=669#comment-730 If I am interested in preserving my existing cash for a home down payment later this year, is there any reason why I should NOT fund my Roth IRA for 2008 with proceeds from selling of shares of funds in my regular (taxable) brokerage account? If I am interested in preserving my existing cash for a home down payment later this year, is there any reason why I should NOT fund my Roth IRA for 2008 with proceeds from selling of shares of funds in my regular (taxable) brokerage account?

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