The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/rolling-over-multiple-iras-31044994.aspx

Subject:  Rolling over multiple IRAs Date:  12/31/2013  9:57 PM
Author:  luke77 Number:  74038 of 78166

Hi all,

I'm trying to get my parent's retirement accounts in order, and I have a question about rolling over IRAs. Both my mother and father each have multiple IRAs (and 401ks) from past employers. Some of the IRAs are Roth and some are Traditional. I'd like to roll over all of their past retirement accounts into one brokerage so that everything is one place and somewhat organized.

However, I'm not sure whether I can do this. For instance, my mom has two Roth IRAs, three traditional IRAs, and a 401k, all from previous employers. I've opened a rollover IRA at a brokerage, into which I want to transfer these IRAs. But what is a rollover - a Traditional IRA or a Roth? If it is a Traditional IRA, I can't