Can one bank account be used to fund two separate Roth IRA?

7 Answers

Relevance
  • Anonymous
    5 months ago
    Favorite Answer

    Yes, of course. I use Fidelity and have a wire setup for my general account that I use to fund all of my financial products. See the wire goes from one of my BOA accounts into the one Fidelity account. Then that account is like a bank account, it funds everything else I tell it to.

    • Log in to reply to the answers
  • Judy
    Lv 7
    5 months ago

    sure,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

    • Log in to reply to the answers
  • Anonymous
    5 months ago

    Yes, there's no restriction on the source of money to fund a ROTH such as separate bank accounts.

    • Log in to reply to the answers
  • Anonymous
    5 months ago

    Yes but why have 2 roth IRA's? When you get to retirement and have to deduct, you will be required to take X% out of IRA accounts. So whether you have 1 or 2 wont matter, you have to take that X out each year from all accounts.

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • 5 months ago

    Theoretically, yes, but I'm not sure what the advantage would be.

    • Log in to reply to the answers
  • Anonymous
    5 months ago

    Yes, why not? .......................

    • Log in to reply to the answers
  • 5 months ago

    yes but go to youtube and see it?

    • Log in to reply to the answers
Still have questions? Get answers by asking now.