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we are talking about the same thing, just two different points... I am focusing on how to contribute and the challenges, you are focusing on what to do after one contributes.
in your case, you are already funded... in my case, I have to continue to fund it to make it a decent size.. $10-15K will only let me trade 1 contract in futures and that is still not enough to trade options for me.
so you are correct... you can take one of your Roth IRA's and trade it... we are not arguing that point.
my recommendation, if they are all Roth's.. consolidate them ... instead of several have like 2 of them.. or maybe 3... use one for Trading Futures, another one for holding real estate, and another one that you will continue to contribute where you may have a strategy that is more conservative (10-15% per year)... that is basically what I am doing but all under a single umbrella of a Solo 401(k)... the Roth is just to trade futures once it grows to $25K, so another 2 years before I will do anything serious on it.
everyone's situation is different... but that is what I would do if I had significant Roth Assets... I would take advantage of the current real estate situation and get some rental properties that I could exit from in 2-3 years, or sooner, at a profit and grow that account..
hence why is better to long ITM/ATM calls if you think that GOOG is heading north .. allows you to "leverage" more... and your risk is limited to your premium... which enables you to make multiple bets ..
yw... and you are ahead of the game let's put it that way... I only realized the whole Roth thing about 6 months ago.. I always avoided anything after tax since I dont get the write off, but then I came to find out that I could do quite a lot of things within the IRA/Roth IRA/Solo K world that are not mainstream but legally allowed, and my thought process changed. Now, I dont mind the $5K a year on after tax, considering the benefit of tax free cash when I retire .. luckily for me, I have another 25 years before that really happens, so I gained the knowledge and education in time..
good for you...you are way ahead of the game. i turn 59 on March 31. I've always been a bit slow off the blocks. I mentioned this in an early post of this conversation but because I don't have "real job" income, my earnings off trading won't effect my social security eligibility.
Vanguard is awful IMO, you are better off with Fidelity/Schwab/TDA... you get the big name and the ability to trade equities, etf's, options on both, mutual funds, and if your account large enough IPO's and private placements. Schwab/Fidelity are always offering private placement/subscriptions..
for futures trading... You can take the account to TOS(Penson) or IBKR... without having to go to a third party custodian.. other than that, you can use alternative custodians such as Millenium Trust and PENSCO trust... those are the two that I picked after researching the 5 available on the market place and interviewing their back office and compliance department.. you can then turn around and open an account with Crossland, VFM, etc or hold real estate on them, or anything allowed by the IRS... they have a cost (anywhere from $500-$1000) per year depending on the amount of assets and the number of subaccounts... so if you just want to trade the markets there are no cost options with TOS/IBKR ...
btw, you should research them as well... we might have different requirements, but PENSCO/MTC were the ones with the least amount of issues...
How many of you guys are incorporated? I'm seriously considering it, because by the time you realize that it's necessary/advantageous, it's more of a pain at that point.