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https://boards.fool.com/greetings-einbierbitte-and-welcome-you-asked-i-14438450.aspx
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| Subject: Re: Combine Roth Coversion with Roth Contributor | Date: 2/27/2001 4:46 PM | |
| Author: TMFPixy | Number: 28186 of 107478 | |
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Greetings, einbierbitte, and welcome. You asked: I converted my traditional IRA to a Roth Conversion IRA in 1998. At the same time I established a Roth Contributory IRA into which I have been contributing $2,000/yr. I now want to transfer both the Roth Conversion IRA and the Roth Contributory IRA to a new IRA custodian. Is there any compelling reason to keep the the two accounts separate or can I go ahead and combine them into one account? There's no reason you need to keep these two accounts separate. Just keep track of the 5 tax-years necessary before you can take the conversion money free of any early withdrawal penalty, and you'll be just fine. Regards..Pixy |
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