If the brokerage firm declared the stocks worthless, couldpurge them from my IRA, close the account and save the 30 annualmaintenance fee. would like to close the IRA and open regular brokerageaccount, saving the 30 per year. But these securitieshave since lost their value, meaning that there are no prices quotedon them and therefore no buyers. Hide copyright information Newspaper article from our research archive Heres Why Risky Stocks Dont Belong in Your IRA Article from Chicago SunTimes Article date 16, Author Susan Bondy Were searching over million articles 3,500 publications.

would like to close the IRA and open regular brokerageaccount, saving the 30 per year. But it refuses to do so, saying that the companiesare in bankruptcy and be worth something in the future. How would the Internal RevenueService regard this? What would happen if the stocks are worthsomething in the Or, try our Advanced Search. Read all of this article with FREE trial Related newspaper, magazine, and journal articles See all results. But these securitieshave since lost their value, meaning that there are no prices quotedon them and therefore no buyers.