Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm getting ready to transfer my IRA from T. Rowe Price to American Express. When I transfer an IRA, should I keep any documents from the company I'm no longer with? I'm hoping I can get rid of all the old papers to make room for the new. My understanding is that when I start making withdrawals in retirement I will simply pay income tax (this is a regular IRA, not Roth) on that money instead of capital gains, so I'm assuming that the historical details of purchases, dates, etc., won't matter to the IRS. Thanks -

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.