Anonymous
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There are no penalties for selling your mutual funds if you do not withdraw, which is called exchange transaction. You are transferring funds from one type of mutual fund to another type. If you withdraw your money before you are 62-1/2 without IRS specified reasons (buying a first home, etc.) then you will pay a 10% penalty in addition to paying income tax on the withdrawn amount.
If you are feeling a little nervous about the current market situation, then move some of your stock funds to either bond funds or money market funds,
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Dave W has it precise. A IRA is purely a motor vehicle like a %.. up truck, you'll be able to load it with something you like. CD's, guy or lady shares, mutual funds, you call it. although, for the explanation that's for retirement you will generally desire to be quite better conservative with it than with diverse investments and determine for the long term. Going for guy or lady sectors is astonishing, yet do no longer located all your eggs in one basket. maybe quite tech, quite foreign places, quite funds marketplace, quite bonds, quite small cap, etc. various the fund agencies can recommend you based on your age and threat which you will take. on an analogous time as you're new, be better conservative. The older you are the better conservative attempt to be. As you get better earnings somebody fund company company now and back they waive IRA expenses. be sure you already know the fees before leaping in. you do no longer desire to devour up your investment and its earnings with a each 3 hundred and sixty 5 days IRA fee. sturdy success.
pagodaboy2001
You will need to look at the individual fund and your IRA management company. This is a bad time to sell, I'd sit on it until the market firms up.