Personal Investments • Consolidating ROTHs'

If you are not yet 59.5, what is important here is that you are able to reconstruct how and when money got into your Roth IRA(s).

It does not matter how many different Roth IRAs you have. There is a specific withdrawal order specified and that order considers all the Roth IRAs to be one account.

Bottom line - it does not matter if you open a new Roth IRA or not...the withdrawal sequence will be the same.

If you are not yet 59.5 and if you don't already know how each dollar got into the Roth IRA, you need to reconstruct that now if you need to take money out of Roth IRA.

If you are over 59.5, none of the things you asked about matter because your Roth IRA is qualified.

Statistics: Posted by retiredjg — Thu Mar 14, 2024 8:08 pm — Replies 1 — Views 105

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