The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Can I have an IRA that includs dif contrib types||Date: 3/17/2001 8:37 PM|
|Author: melrosest||Number: 28486 of 82741|
I am very confused. I currently have a regular IRA account. This account has had the following contributions made to it over the years:
non-deduuctible (only 1k)
rolled over a 401k account into it
Is this going to cause major problems with calculating the taxes owed when I start to pull money out many years from now? I am about to contribute non-deductible contributions for 2000 and 2001. Should I not deposit these contributions into this account but instead open another traditional IRA and keep non-deductible contributions separate from deductible ones?
If I have another 401k to roll over in the future should I not roll it into my current IRA?
Will this merging of contributions cause headaches if I decide to convert to a Rooth IRA down the line?
Thanks for your help!
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|