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Can you open a new Roth IRA account if you are over the income limit but not contributing new money into it?
Can you open a new Roth IRA account if you are over the income limit but not contributing new money into it? Hi, probably a stupid question, so we are over the income limit, but I was trying to move one of my existing Roth IRA to another brokerage via ACATS. I accidentally opened the new Roth IRA at the new brokerage already before looking more into the process. And then I decided not to move the account over. Just wondering if this is allowed (openin...
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