Sunday, September 30, 2012
Will Close Roth IRA
I blogged a few days ago about Ameritrade dropping support for foreign investors. I got a reply from Interactive Brokers - they can't open a Roth IRA account for me and, therefore, I can't transfer that account from Ameritrade to them. So I will have to sell my investments (one mutual fund and one closed end fund) and transfer the money to my US bank account and from there to my regular brokerage account at IB. I have to pay taxes anyway on my Roth IRA account in Australia so it makes no difference as long as I live here how the account is structured. And this will be one less account to deal with.