No. of Recommendations: 0
The custodian has to know which tax years the contribution(s) is(are) for.

However, once the money has been contributed to a Roth IRA, there is no need for separate accounts.

The only reasons I can think of for separate accounts are:

1. Different types of investments that are better handled by different custodians (e.g., mutual funds at the mutual fund family, stocks at a discount trader).

2. Different beneficiary designations.

3. Maybe if one wants to start 72(t) SEPP (substantially equivalent periodic payments) withdrawals on just part of the money in an IRA, so one can move the investments one wants to use for SEPP to a separate account so only that account would be considered for SEPP payments and the rest would remain invested.

If there are other reasons, they don't come to mind.

But you don't need separate accounts just because the contributions were for separate tax years.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.