Traditional IRA OR Roth IRA

[Jean Francillon]

I have a traditional IRA with Merrill for the last 5 years. And I just open a with IRA with TDAmeritrade. Should I transfer my account from Merrill to the New Roth IRA? Or should I keep both IRA's? Need help

[Dmitriy Fomichenko]

Quote from @Paul Vail:

Quote from @Dmitriy Fomichenko:

@Paul Vail

The Solo 401k plan also has a Roth component so you could have both: pre-tax account and Roth account within the same plan. You just won't be able to transfer existing Roth IRA account into it, but you could make new Roth contributions, transfer existing pre-tax accounts into it and also convert any of those funds into Roth.

If I'm reading this correctly, I can open a Solo401k with a Roth component, but I cannot then xfer from my existing Roth into that Roth component?    If this is the case, I could otherwise open a SD-Roth by itself (without the Solo401k structure), and then xfer from my exsiting Roth into the SD-Roth?

You can not rollover Roth IRA specifically. You can rollover Roth 401K.

Yes, you can rollover Roth IRA into self directed Roth IRA.