Personal Investments • How many Roth-IRAs'? Which R-IRA to rollover after-tax/ripc into?

Hi

I have below Roth-IRAs'

a) Backdoor R-IRA - started in 2013
b) After-Tax/RIPC rolled over IRA - started in 2020 (Company1)

I am in company 2 now and want to rollover RIPC funds from this source to R-IRA.
I have already opened another R-IRA thinking that I will use this for After-Tax/RIPC rollovers from company 2 - just mental accounting.

Is this o.k. to have another R-IRA opened? or has no benefits or maybe disadvantages w.r.t to 5 yr clock (i.e. above 2 R-IRAs' have their 5 year clocks ticked and almost satisfies as well)

Thanks

Statistics: Posted by RetireGood — Sun Jul 14, 2024 2:29 am — Replies 0 — Views 83

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