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
Comments
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

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!