Permalink Submitted by Alan - IRA critic on Tue, 2018-03-20 16:22
Less paperwork, fewer 1099R or 5498 forms, possibly better chance of meeting mutual fund minimum investments or waiver of any custodian small account fees. There are no tax benefits because all IRA accounts of the same type are treated as if they were combined for tax purposes. In some cases, combining a contributary IRA with a rollover IRA will forfeit some creditor protection in certain states.
Permalink Submitted by Alan - IRA critic on Tue, 2018-03-20 16:22
Less paperwork, fewer 1099R or 5498 forms, possibly better chance of meeting mutual fund minimum investments or waiver of any custodian small account fees. There are no tax benefits because all IRA accounts of the same type are treated as if they were combined for tax purposes. In some cases, combining a contributary IRA with a rollover IRA will forfeit some creditor protection in certain states.