Skip to main content
No. of Recommendations: 0
>>>Two part question:

1) I have two IRAs that I converted to Roths earlier this year, leaving each of them in the same mutual funds. Now I want to start investing Foolishly and roll them over to a self-directed Roth IRA in a brokerage acct. The IRS says you can only do a rollover once per year.
a) Does the Roth conversion I already did count against me as a rollover?
b) Is the waiting period 12 months or is it once per calendar year?

2) My wife moved the money from a former employer's 401(k) to an IRA, then converted to a Roth (the mutual fund company told her to do it this way). Does she have to wait a year before rolling into a self-directed Roth IRA? <<<

Moving your Roth IRA accounts from mutual fund companies to a brokerage account is simply a transfer, NOT a rollover. Go ahead.
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!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.