<prompt> Human: Hi, sorry if this is a redundant question. My primary question is: Since these are IRA accounts, can I buy and sell securities within them not pulling any money out without immediate tax implications?What exactly does brokerage denote?EDIT: Thanks all havent gotten a chance to read all this yet but I will this evening!  <response>: An IRA is an individual retirement account. A brokerage account is an account that lets you trade stocks, bonds, mutual funds, etc. An IRA can be, but does not have to be, a brokerage account and vice versa.IRAs at local banks and credit unions tend not to be brokerage accounts, i.e., you just hold cash or cash-like items CDs in them. IRAs at brokerage firms like Schwab or Fidelity tend to be brokerage accounts; you can trade securities within them. Vanguard is kind of a special case. They used to offer mutual fund only accounts including IRAs which were not full-blown brokerage accounts. However, in the last few years theyve been moving away from this; all new Vanguard accounts including IRAs are now brokerage accounts; people with the older non-brokerage accounts are being encourage to convert theirs to the brokerage platform.Anyway, that was probably way more detail than you needed. : Since these are IRA accounts, can I buy and sell securities within them not pulling any money out without immediate tax implications?Bottom-line: yes. With the caveat that if you also have a regular taxable brokerage account, and want to harvest capital losses in the taxable account, you need to be careful not to cause a wash sale by purchasing the same or a substantially identical security in your IRA 30 days before or after the loss sale in your taxable account. 