I am consolidating and cancelling all Roth IRA accounts except one. Does it matter which one I keep? I read some previous forum posts about five-year rules / oldest account / or something along those lines. Something to do with early distributions prior to 59.5? Which I would definitely like to keep as an option.
So do I have to keep my oldest Roth IRA account open, or does it not matter if even my newest Roth IRA is more/less than five years old? Or am i missing other considerations?
So do I have to keep my oldest Roth IRA account open, or does it not matter if even my newest Roth IRA is more/less than five years old? Or am i missing other considerations?
Statistics: Posted by Caduceus — Wed Oct 30, 2024 9:22 pm — Replies 2 — Views 279