Hi,I think the information you were given is correct. Of course, you can pay the penalties and open a Roth ($2000 max per year per person ignoring the income limitations).But that's not what I did. I arranged a direct rollover into a self-directed IRA. Since you have $5K, you night consider an index fund in the IRA (Vanguard, etc.). I think they waive the custodial fee if your account is $5K.We are funding our Roth IRAs separately, so together there are 3 IRA accounts. They have to be seperate, but they CAN be held at the same company.HTH,Ken
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra