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It's a good idea to, but not necessarily required. You at least want to keep track of the activity, and especially the amount of contributions you make over the years. The reason why comes into play if you take a distribution pre-maturely. You can always pull out your investment tax-free (because you have already been taxed on that money), but any growth on the Roth would be penalized when you withdraw it, if withdrawn prematurely.
It's a good idea to, but not necessarily required. You at least want to keep track of the activity, and especially the amount of contributions you make over the years. The reason why comes into play if you take a distribution pre-maturely. You can always pull out your investment tax-free (because you have already been taxed on that money), but any growth on the Roth would be penalized when you withdraw it, if withdrawn prematurely.
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