If your old accounts are not Roth IRAs then you need to consider the tax ramifications of rolling them into a Roth. Since regular IRA contributions are tax-deductible and Roth contributions are not(tax benefits come on withdrawal) you would have to pay taxes on the $15K and then roll the remainder into the Roth. I guess I would recommend picking the account that you like more(Pera or TIAA) and roll the other one into it. That would limit your accounts but also give you some diversification.
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Submitted 407 days ago...
What is the best way to rollover old Pera and TIA CREF accounts?
I have just started a ROTH IRA and I have some money left in my retirement accounts (one PERA and one TIA CREF) from when I worked for the state. Should I leave these accounts open and leave the money in them, or should I roll over this amout (combine about $15000) into my ROTH IRA?
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