Archive for the ‘IRAs’ Category

Moving Your IRA? Keep it Simple

May 26, 2010

If you’re moving an IRA from one financial firm to another you have two choices. One is a rollover, which involves taking a distribution from the existing account and, within 60 days, depositing it in the new account. The other is a direct transfer, sometimes called a trustee-to-trustee transfer, where the money goes from the old firm to the new one, untouched by human hands. Other things being equal, this is the preferable choice. (more…)


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