<div class="FTQUOTE"><begin quote>Originally posted by: Ilikepiedoyou
<div class="FTQUOTE"><begin quote>Originally posted by: SoulAssassin
<div class="FTQUOTE"><begin quote>Originally posted by: Ilikepiedoyou
My IRA has had good returns, if I were to dump a lot of money into it, I would get penalized everytime I removed it correct?</end quote></div>
Your IRA should be used for funding retirement, not short term investing.</end quote></div>
What would you suggest for short term investing? I usually save all year but make big withdraws at the start of each semester.</end quote></div>
for less than 1 year, you shouldn't be "investing." you should just dump it in a high-yield savings account. otherwise you could be caught at a bad market moment when you have to withdraw, and be forced to take losses.
and if you want to make plain investments (non retirement tax shelter), you just want a normal brokerage account. then you can move money in and out at your leisure with no penalties.
edit: if you're talking about your tuition money here, chances are you're not even talking about enough money to be worth investing anyway. you'll be lucky to break even after paying your trading costs, even if the market is good. just another reason to choose a savings account instead.