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4ziemba
February 14, 2025
Question

Can I open a traditional ira tomorrow if I just closed a roth ira 2 days ago?

  • February 14, 2025
  • 1 reply
  • 0 views
I want to get tax breaks for opening a traditional ira.

    1 reply

    KrisD15
    KrisD15
    February 14, 2025

    Yes, there is no time requirement between closing a Roth and opening a traditional IRA.

    There are restrictions for "Roll-overs" but it does not sound like that is your objective. 

     

    Additionally, you need "earned income" to contribute to a traditional IRA, and the distribution from the Roth would not count as earned income towards an IRA contribution. 

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