Question by HEWLETT: Can I rollover my roth ira to a different company but also roth ira?
My agent wants me to roll my Roth IRA to another company (company1)that has better interest rates. Can I roll my roth ira to another company (company2) without penalties?
Best answer:
Answer by Kaptain Krakatoa
Yes, you can do that. Make sure that you’re investing in diversified, no-load mutual funds with expense ratios less than 1%.
What do you think? Answer below!
Question by ResearchGirl: I moved my Roth IRA to a different institution. How does that affect the 5 year rule for withdrawals?
I’ve had an Roth IRA for 9 years, but recently moved it to a new institution. If I want to take money out of my contributions, how is the account affected by the 5-year rule? Does this account have to be open for 5 years at the new institution before I can withdraw?
Best answer:
Answer by tro
you have fulfilled the 5 yr rule no matter where it was deposited
Give your answer to this question below!
My boss asked me to bring a completed IRA application to my annual review. He will be contributing to it, and used the term SEP. Knowing nothing about IRAs, I went online and did some research. Now, I am really confused. It looks like traditional IRA funds can be used in CDs, Mutual Funds, or annuities. Which one is best? Since it is a retirement account, I want the money to stay there until retirement. What are the pros and cons? And are they all eligible for him to contribute to?
There are a lot of companies that offer Roth IRAs. Are they all the same or are they managed differently based on different investment philosophies?
I notice from some investment company they offer IRA (that puts money in 2040, 2035, 50/50 or something like that) and IRA CD.
Those numbered IRA are not FDIC insured but the IRA CD is.
What’s the different? If the IRA CD is insursed. It sounds awesome, how come it seems like less people go with that?
thank you
By any chance if anyone know IRA CDs out performed by how much?
Is it worth the risk?
And how high is the interest right now for IRA CDs?
I am just starting out in my career (26 years old). My company does not offer any retirement or 401k plans. I just did my taxes and realized I can get an extra $925 back on my refund if I contribute $3500 to a traditional IRA. I have decided I can afford to and should make this size contribution for last year to some sort of IRA. Should I contribute to the ROTH IRA and get the tax benefit when I retire or the traditional IRA and get the benefit now?
Can I have multiple account of IRA roth with different institutions – actively contributing? what about is I stop contributing on the 1st account and open another account ?
My agent wants me to roll my Roth IRA to another company (company1)that has better interest rates. Can I roll my roth ira to another company (company2) without penalties?
I’ve had an Roth IRA for 9 years, but recently moved it to a new institution. If I want to take money out of my contributions, how is the account affected by the 5-year rule? Does this account have to be open for 5 years at the new institution before I can withdraw?
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