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URL:  http://boards.fool.com/without-looking-it-up-i-advise-againist-getting-20085596.aspx

Subject:  Re: Transferring an IRA Date:  1/2/2004  12:16 PM
Author:  ResNullius Number:  38341 of 76395

Without looking it up, I advise againist getting a check in your name AT ALL! I believe the old trustee is required to with-hold 20% as "tax" Also, if you are under 59, there is the 10% penalty bugaboo. The gummit doesn't trust you to put it back into another IRA.

By letting the money go from trustee to trustee, you avoid any questions.


Yes.

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