I have an individual stock account with a online broker. Is it possible to turn this into an IRA account?

Question:

Answer:
You can not "turn" the account into an IRA but you can open an IRA and then transfer money into it. If you have earned income, you can transfer 100% of your earned income up to $4,000 into the IRA.

---

More Questions & Answers...

Can I buy penny stocks through sharebuilder.com?

I want to invest in European stocks and any kind of fund. What do you recommend?

Blocking spam pictures?

Where's the best place to trade precious metals?

What company offers an advisory account that I can select any mutual fund, any stock on the global market?

I have occuered loss in shaers how to account for this in my tax return. I have traded in stock first time.?

Bad News from Middle East --- Buy or Sell Stocks?

In this case does this company need any NASD license?