Answers » Categories » Personal Finance

Can i move money out of a SEP-IRA into an ETF?

I am thinking of expanding my "portfolio" by getting into an ETF (energy). I do not have money to buy now however I do have a SEP-IRA. Is it possible to take 5% of that? If so, what are the tax implications, if any.


0
1 Report

1 Answer
0 

The etf goes inside the sep-ira to avoid tax consequence. Another option is if the sponsor of said etf (example:fidelity) let's you invest in small amounts outside of the ira retirement vehicle. Under no circumstance would I remove $ from the ira to invest in an etf. My opinion.
Jul 28th, 2015 at 5:22 AM
Reply

Answer this question

by Anonymous - Already have an account? Login now!
Your Name:  

Your Answer:  
Source(s): (optional)

Enter the text you see in the image below
What do you see?
Can't read the image? View a new one.
Your answer will appear after being approved.

Ask your own question

Ask a Question

Categories