Cjones 38 asks:I have an IRA rollover from a 401-k. Both are/were with T R Price. I have 3 equity funds. The forms to convert to self-directed IRA says I cannot transfer my funds (to their discount brokerage). I must first cash out what I want and place it with their discount bokerage which will go into a money market fund. Of course, I could then buy those same funds through their broker. This doesn't make sense to me. Question: Can I make a direct transfer to another broker of part of an IRA or do I have to transfer all of the IRA (to another broker)? Also is this their house rules or an IRA rule?I know of no legal reason that prevents you from converting mutual funds in a traditional IRA to the same mutual funds in a Roth IRA. IMHO the problem you have encountered is something imposed by the broker. Perhaps another would be more accommodating. Regards…..Pixy
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