Since IRAs have been around quite awhile I find it hard to believe this is the first guy that’s done this.
Has anyone else out there done this and NOT get questioned about it?
I never have but I wonder if the “per IRA” is actually in the context of individual people, not individual accounts, i.e., husband and wife IRAs are distinct, but husbands T.RowePrice and Vanguard IRAs count as one.
I don’t know. Just askin’.
I took a rollover when I bought my home. I used the distribution as a down payment and then kept adding money to my IRA until I officially was “rolled over”. This was one you could only have 1 IRA and If I recollect, for short period of time you couldn’t have an IRA and a 401K. Like I said, it was a very short time and was changed CIRCA: Reagan era.