Rope together stray IRA accounts — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Rope together stray IRA accounts

Get PDF file

by on
in Small Business Tax

Q: In the past, I twice rolled over employer plan account balances into two separate traditional IRAs. Now that I'm retiring for good, I'll once again be doing a rollover from my 401(k). Can I combine all three IRA rollover accounts into one account? C.T., Poughkeepsie, N.Y.

A: Yes. In fact, it's a smart move. Not only can you roll your money tax-free from an employer plan into an IRA, you can also use the rollover technique for IRA-to-IRA transfers. That means you can consolidate all your IRA funds into one account, which will help simplify your investment decisions and reduce your paperwork.

Related Articles...

Leave a Comment

Previous post:

Next post: