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New Member
posted Jun 4, 2019 2:25:02 PM

What is the difference between a open and closed Roth IRA? If I am retired and no longer contribute to a Roth IRA but have a balance, is that a closed IRA

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1 Best answer
Alumni
Jun 4, 2019 2:25:05 PM

If you still have money in there then the account is still open.

2 Replies
Alumni
Jun 4, 2019 2:25:05 PM

If you still have money in there then the account is still open.

Employee Tax Expert
Jun 4, 2019 2:25:08 PM

If you have a Roth IRA with a balance, it is still open until you withdraw the entire amount or move it to another Roth IRA.