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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Keogh Transfer Date: 7/14/1999 10:03 PM
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[[ They are claiming that IRS rules require a single custodian. I'm
suspicious because it takes eight weeks to get an answer from them, and their
justification is to point to a clause in the Plan that deals with permitted
investments, not custodial transfers. Does this make any sense, or does it sound
like I'm getting the runaround?]]

I think that you are getting the runaround, yes. But this is not my area of expertice. I would suggest that you take this question over to the Retirement Investing message folder and post it to TMF Pixy. This is Pixy's line of work...on a day to day basis...and he would likely know the answer right off the top of his head.

I did some quick research, and could find nothing that points to the IRS requiring only one custodian or administrator. But perhaps there is something there that I'm not seeing. So check with Pixy. I'm sure that he can help you.

TMF Taxes
Roy
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