aleabo
Recycles dryer sheets
- Joined
- Jan 16, 2012
- Messages
- 63
Sorry for stupid question..How many IRAs one can have? Can I have more than 1?
My wife has IRA in Edward Johns and this guy (finance adviser), buying her only Invesco load funds and they are not outperforming my Vanguard index funds. She needs to move 401K from previous employer, and I don't want to move it to Edward Johns but want to open her IRA in Vanguard instead.
So, can she for some time have 2 IRAs? I can't move money from Edward Johns yet, there are some funds that we she cannot touch for a year.
When we move IRA from Edward Johns to Vanguard do she need to pay any taxes or it just rollover?
My wife has IRA in Edward Johns and this guy (finance adviser), buying her only Invesco load funds and they are not outperforming my Vanguard index funds. She needs to move 401K from previous employer, and I don't want to move it to Edward Johns but want to open her IRA in Vanguard instead.
So, can she for some time have 2 IRAs? I can't move money from Edward Johns yet, there are some funds that we she cannot touch for a year.
When we move IRA from Edward Johns to Vanguard do she need to pay any taxes or it just rollover?