Skip to main content
No. of Recommendations: 0
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.

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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.