Despite the restriction on multiple rollovers from multiple IRAs, here’s a good use of the rule. IRA distributions allow the owner to withhold taxes on the distribution. If taxes are withheld from an IRA distribution, they are deemed to be equally withheld throughout the year. This can be of great benefit if estimates are underpaid.
Roth IRAs grow tax-free. The power of compounding interest is amazing and the power of tax-free compounding is more amazing. The longer you have a Roth, the better it gets.
There are some special exemptions to the early withdrawal penalty that are only applicable to IRAs. These include: