Allstocks.com's Bulletin Board Post A Reply
my profile login | register | search | faq | forum home

» Allstocks.com's Bulletin Board » General Investing Topics » Individual Stock Trading in an IRA » Post A Reply

Post A Reply
Login Name:
Password:
Message Icon: Icon 1     Icon 2     Icon 3     Icon 4     Icon 5     Icon 6     Icon 7    
Icon 8     Icon 9     Icon 10     Icon 11     Icon 12     Icon 13     Icon 14    
Message:

HTML is not enabled.
UBB Code™ is enabled.

 

Instant Graemlins Instant UBB Code™
Smile   Frown   Embarrassed   Big Grin   Wink   Razz  
Cool   Roll Eyes   Mad   Eek!   Confused   BadOne  
Good Luck   More Crap   Wall Bang   Were Up   Were Down    
Insert URL Hyperlink - UBB Code™   Insert Email Address - UBB Code™
Bold - UBB Code™   Italics - UBB Code™
Quote - UBB Code™   Code Tag - UBB Code™
List Start - UBB Code™   List Item - UBB Code™
List End - UBB Code™   Image - UBB Code™

What is UBB Code™?
Options


Disable Graemlins in this post.


 


T O P I C     R E V I E W
PCola77  - posted
I started a new job recently and wanted to roll my old 401K into an IRA with the option to buy and sell individual stocks. I know a few people here have traded from IRA accounts before, but is that more the exception than the rule?

Which broker did ou use to do it, and how complicated (if at all) was it?

Thanks.
 
metal1  - posted
most the most part IRA's are free trading and tax liablity from trading at the end of the year. i trade mine too. there is one exception that i know of which i can't remember at the moment where there can be a tax liability at the end of the year.
 
PCola77  - posted
Oh okay, I thought most IRA accounts you couldn't buy individual stocks. Maybe I was just thinking of a rollover into my new 401K.
 
Jo4321  - posted
I have an IRA with Fidelity and can trade in there.
 
metal1  - posted
in 401k's access to individual stocks is very limited but not in IRA's
 
PCola77  - posted
Yeah, you guys are right. Just checked Fidelity, Schwab, B of A, etc.

Jo, do you know what you pay for commsission? I think I read $12 + .015 for each share over 1,000 shares.
 
Jo4321  - posted
I pay $8.00 a trade for commission on stocks over $1.00.

That is their gold rate, because I have it connected to my other account and also my husbands account, so we qualify for the number of trades for that rate.

If you have the gold rate, you don't pay extra for over 1,000 shares unless it is a stock under $1.00.

Anyway, here are all their rates:
http://personal.fidelity.com/accounts/pdf/FBS-BKCOMMSCHED-0105.pdf

But right now, they are having free trades if you rollover a 401K, so that may be a good deal for you if it applies to you.

https://scs.fidelity.com/other/offers/registration_freetrades.shtml?IMMID=00233& banner=homepage&psite=homepage&refhp=pr
 
Jo4321  - posted
http://www.tdameritrade.com/planningretirement/retirement/easyira.html

TDAmeritrade will give you 30 days of free trades for opening an IRA.

They charge $9.99 per trade with no extra $$ for trades over 1000 shares or for stocks that are less than $1.00.

You might also want to look at ChoiceTrade.com
 
PCola77  - posted
LOL. I actually did one of those online chats with reps from Fidelity and B of A today asking them about fees. Fidelity never mentioned that special for rollovers...

Guess I should figure out if free trades for a year is better or worse than $5 from the git-go for ChoiceTrade (assuming they do IRAs...)

I'm sure I could get free trades from Fidelity for a year and then transfer it elsewhere, but I have approximately a 100% chance of being too lazy to change anything a year from now...

Thanks though, Jo.

By the way, I'm guessing you hit the 120 trades per year, not the $1mil in assets? [Big Grin]
 
Jo4321  - posted
quote:
By the way, I'm guessing you hit the 120 trades per year, not the $1mil in assets?

LOL, geez rub it in, why don't ya!

I'll get there, someday.

Jo
 
PCola77  - posted
I'll race ya! [Big Grin]
 



Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share