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As long as someone makes sure he knows what a "medallion signature guarantee" is (hint--his bank knows) it's no harder to get his inheritance out of a retirement account than it is from a cash account.,

I went to my bank for a medallion signature guarantee, and none of the tellers knew what it was. They had to call the manager, who searched but couldn't find the medallion stamp. They had to send me to another branch.

The whole purpose of the medallion signature guarantee is that the bank employees are supposed to know you by sight. Therefore, it's supposed to be even more secure than a notarized signature*. By (A) losing the stamp and (B) sending me to a branch that I'd never been to, they completely blew the extra security.

* As we learned in the mortgage meltdown, a notarized signature is virtually worthless:

A notary public functions in part as an official who authenticates the signing of a document. In other words, the notary's stamp and signature is an official declaration that the other signatures on the document are true signatures, not forgeries. Generally, a notary public directly observes the person who signs a document and verifies that person's identity, thus certifying that the document is legal and authentic.

The following is testimony from the deposition of paralegal Tammie Kapusta, former employee of a law firm with clients in the mortgage industry, as published by the Florida AG:

Q: Would these notaries be there watching [...] as she signed?
A: No.
Q: She would just sit there and sign stacks of them?
A: Correct. As far as notaries go in the firm I don't think any notary actually used their own notary stamp. The team used them.
Q: There were just stamps around?
A: Yes.
Q: And you actually saw that?
A: I was part of that.
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