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I have just subscribed to the Motley Fool Pro service and want to set up a new account at my broker (Fidelity) dedicated exclusively to my Pro investment activities, and fund this account with assets transferred from two other Fido accounts: a traditional IRA and an SEP-IRA. But when I talked to a Fido rep about setting up the new account he said I probably shouldn't commingle the trad IRA and SEP-IRA assets because they are treated differently for tax purposes and suggested I set up two separate new accounts to keep the funds segregated. My question is simply is that really necessary? My admittedly very tenuous grasp of the tax issues suggests not, and I'd rather avoid the complication of having the funds in two accounts when one would do.

By way of background, I am 65 years old and semi-retired. I still earn a fair amount of part time self employment income, but I haven't contributed to either the traditional IRA or the SEP-IRA in several years and don't foresee doing so in the future. I have taken a couple of smallish distributions from those accounts in recent years to cover medical and other unexpected expenses, but I mostly try to keep my hands off those assets so they can continue to grow.

Thanks in advance for any info and/or advice....
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