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Can a Roth IRA be rolled over to another Roth IRA?

April 26, 2017roth ira

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Can a Roth IRA be rolled over to another Roth IRA?

1 Answer

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10 Posted

Yes. Once a Roth IRA is established, a rollover of Roth IRA assets to another Roth IRA can be done at any time with no income tax consequences. These rollovers are limited to one rollover every 12 months and must take place within 60 days of the distribution. There is no compensation limit for Roth IRA to Roth IRA rollovers.