can i merge 2 different traditional IRA’s ( held at different banks )
together to make one account ?
Terry Says: The way to do that is to do an official IRA ROLLOVER, from one custodian to the other. In other words, don’t touch the check. Simply instruct one bank to roll the account into the other bank. Be sure that the receiving bank also knows this is an official IRA Rollover. Then wait for a penalty-free moment, when your CD comes due to do the rollover. If you have an investment account with the bank’s investment services division, you can probably roll at any time, depending on the assets held in the account. ALSO, make very sure that they are the same type of IRA — ie all the money in both accounts comes from pre-tax contributions (no after tax contributions).