Combining IRAs in Vanguard

[yofi]

I noticed I have a traditional, SEP and rollover IRA account in Vanguard, is there any downside to consolidating them into one IRA account?

I also have a Roth that I know is separate.

 

[Texas Proud]

My question would be can you?


They usually try and keep the info of where the money came from for some reason, but I do not know why...

 

[GrayHare]

AFAIK, in certain states IRAs that originate from 401ks receive additional protection from creditors. That extra protection would be lost if such an IRA were combined with one from a non-401k source.

 

[yofi]

AFAIK, in certain states IRAs that originate from 401ks receive additional protection from creditors. That extra protection would be lost if such an IRA were combined with one from a non-401k source.

Ah ok, makes sense, I'll just leave them all separate then.

 

[RetMD21]

I have insurance and won't be declaring bankruptcy so I just merged the 3 for convenience/simplicity. That was back when you could easily call Vanguard and talk to a representative .

 

[Earl E Retyre]

This may not matter to you but ... if you invest in brokered CDs and you do Roth conversions then ... Vanguard will not allow you to Roth convert a CD, only the entire IRA account. So, that could be one reason to not combine accounts. Fidelity, by the way, allows you to Roth convert a CD and even part of a CD.

 

[MarieIG]

This may not matter to you but ... if you invest in brokered CDs and you do Roth conversions then ... Vanguard will not allow you to Roth convert a CD, only the entire IRA account. So, that could be one reason to not combine accounts. Fidelity, by the way, allows you to Roth convert a CD and even part of a CD.

They may have very, very recently changed this to convert in $1,000 increments. (I'll pop over and look later today or tomorrow.)