The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/rollover-ira-11909477.aspx

Subject:  rollover IRA Date:  2/1/2000  3:57 PM
Author:  joy2dworld Number:  18576 of 76418

i have a nondeductible IRA that already mature. however, i'm running out of time to move them from my bank to a mutual fund of my choice. A rep. from my mutual fund told me to have a distribution and i have 30 to 60 days to roll over to another IRA. Somehow i remember that if i want this route it should not pay directly to me or else i will be penalize.So if i want a distribution for me to rollover to another IRA what name should be put in the check as a payee, is it my name or the mutual fund name where i will rollover.help is greatly appreciated.>>>j
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us