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Personal Finance (Not Investing) • Cancelling Roth IRA accounts - does it matter which one i keep?

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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?

Statistics: Posted by Caduceus — Wed Oct 30, 2024 9:22 pm — Replies 2 — Views 279



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