The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/you-may-be-thinking-of-custodians-the-irs-30943946.aspx

Subject:  Re: Poll: IRA Managers Date:  10/27/2013  2:31 PM
Author:  BruceCM Number:  73655 of 75537

You may be thinking of custodians. The IRS requires that IRAs be held by custodians, who are the only ones who can actually access (make deposits to or withdrawals from or investment choices in) an IRA. So when you make a decision on buying or selling this or that investment within your IRA, or you are transferring or withdrawing funds, you are really asking the custodian to do this for you.

And I would think Fidelity would be one of the most used IRA custodians, although you don't offer this as an option.

We use Fidelity.

BruceM
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us