Investing Account Type - Tax Deferred Brokerage Account vs. IRA/401K ...
I have three IRA accounts. One is classified as a brokerage account with the tax deferred button checked, and the other two are classified as IRA with the tax deferred button checked. As far as I can tell all three accounts are treated the same in Quicken and properly segmented on the account tab as well as in tax reports. Is there any advantage to converting the tax deferred brokerage account to the IRA type. I'm asking because with any wholesale change of a long standing account there is some risk, and I would like to know if there is any reason to make the conversion that I might be overlooking.
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