Is it possible in my Vanguard Roth account to sell my 2060 retirement fund and buy VFAIX in order to max my gains in my Roth? Will I have to pay a tax penalty for selling my 2060 retirement fund and then using proceeds to buy the sp500? Thanks!
Roth IRA – Can I sell my 2060 retirement fund and buy an SP500 index fund without tax implications?
byu/Gamegulfshore intax
Posted by Gamegulfshore
2 Comments
No penalty for doing so, but no guarantee you will “max my gain”.
If it is an IRA, you can do whatever you want within the account. No taxes.