5 Stocks for Your Roth IRA: Google Inc (GOOG), Apple Inc. (AAPL), The Procter & Gamble Company (PG)

Page 1 of 2

The temperature is rising, and summer is right around the corner in many parts of the country. When I think of summer, BBQ burgers and corn on the cob come to mind. But before summer arrives, there’s one more season we must endure — tax season. Here are a couple of ways investors can apply principles from the grill to add fuel and fiery growth to a Roth IRA.

Roth IRA primer
Roth IRAs are investment accounts that offer us tax-free income in retirement. You can invest in stocks, bonds, exchange-traded funds, and mutual funds in a Roth. For the 2012 tax year, individuals can contribute up to $5,000 — plus an extra $1,000 if age 50 or older — into a Roth IRA. You have until the April 15, 2013 tax filing deadline to make the contribution. As an added bonus, and if you have some extra cash stashed in your piggy bank, think about adding additional money now for your 2013 contribution.

Google Inc (NASDAQ:GOOG)If you might be in a higher tax bracket when you retire, a Roth IRA is certainly worth considering. And even if you already max out your employer-sponsored retirement plan, you’re still eligible to open and fund a Roth IRA.

Kick your Roth up a notch
In order to get the most tax-free bang for your buck in this tax-free account, consider turning up the heat up with high growth investments. Three companies with exciting growth prospects include tech heavyweights Google Inc (NASDAQ:GOOG), eBay Inc (NASDAQ:EBAY), and Apple Inc. (NASDAQ:AAPL).

Transforming the way the globe searches for information, Google boasts almost 70% market share of all global search queries. The company generates the vast majority of its revenues from search advertising, but Google Inc (NASDAQ:GOOG) is diversifying through acquisitions like YouTube and DoubleClick.

Management has reinvented eBay’s Marketplaces business, which is currently outpacing global e-commerce growth. And eBay’s PayPal business has emerged as an innovative leader in next-generation payments and is well positioned for growth as the industry evolves.

Meanwhile, Apple Inc. (NASDAQ:AAPL)’s recent share price decline reflects a cautious outlook for the iDevice maker. Despite the stock pull back, the company still enjoys extremely solid demand for its products and ample growth opportunities overseas, most notably in China.

All three companies have enjoyed amazing growth over the past several years and possess strong prospects in emerging sectors. By owning these stocks in a Roth IRA, it saves us Fools from a big tax bite if these hot stocks live up to their lofty growth expectations.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!