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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Combining 2 IRA accounts Date: 3/24/2000 10:31 AM
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Greetings, Tonymatyas, and welcome. You asked:

<<I have two separate traditional IRA accounts. One was funded with pre-tax dollars and the other with after-tax dollars. Can I combine the 2 accounts into one? If so, what are the tax ramifications?>>

The income tax ramifications are identical whether you keep those IRAs separate or combine them into one. Personally, for administrative purposes I prefer the latter.

When you begin withdrawals from a traditional IRA, it makes no difference how many you have. The are aggregated to see how much of your withdrawal returns to you free of tax due to nondeductible contributions you made in prior years. It makes no difference from which IRA you will make the withdrawal. Details are spelled out in IRS Publication 590 (Individual Retirement Arrangements)which you may download at

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