The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Rolling over multiple IRAs||Date: 1/1/2014 9:38 AM|
|Author: Rayvt||Number: 74040 of 77104|
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
Sure you can.
* trad IRAs & 401Ks can roll into one trad IRA
* Roth IRAs can roll into one Roth
For each person, of course -- the "I" means Individual.
You only have to pay tax when taking money out of a tradition IRA and putting it anywhere other than another traditional IRA. Do a "custodian to custodian" transfer and you won't even have any tax paperwork.
We have all our various IRA accounts at Etrade, where I can manage them all from one logon.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|