Transfer Asset from Brokerage to Roth
Summary:
- The user is trying to find a way to transfer stocks or ETFs from their Fidelity brokerage account to their Fidelity Roth IRA.
- Transferring shares directly from a brokerage account to a Roth IRA is not permitted as the IRS only allows IRA contributions to be made with cash.
- The user can sell stocks in their brokerage account and then transfer the resulting cash to their Roth IRA, which will be considered an IRA contribution.
- It is important to be aware of the contribution limits for IRA accounts, which can be found on Fidelity’s website.
Here’s the full thread
Is there a way to move stocks or etfs from my fidelity brokerage account to my fidelity roth account?
I looked under transfer but its not very clear and I didn’t see anything like this besides from an external broker.
Happy to help, @kennyisnotdead.
Moving assets from your Individual Brokerage account to your Roth IRA will be considered an IRA contribution. The IRS only allows for IRA contributions to be made with cash, so transferring shares of stocks or ETFs is not possible. 🟢
Ok thanks for clarifying. Can cash from a money market in a brokerage be transferred into a Roth? For instance if I were to sell a stock in my brokerage then transfer the cash to repurchase in my roth?
You’re welcome!
Yes, you can transfer cash. Just note that it will be considered an IRA contribution. If you are unfamiliar, there are limits to IRA contributions. You can learn about the limits on our website:
https://www.fidelity.com/retirement-ira/contribution-limits-deadlines
Sounds good thanks