UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Author: WSelden Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75376  
Subject: IRA Date: 3/9/1999 4:56 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I would like to move my IRA from a mutual fund to a self-directed IRA with a discount broker. Is that possible?
Print the post Back To Top
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 9015 of 75376
Subject: Re: IRA Date: 3/9/1999 5:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Greetings, WSelden, and welcome. You asked:

<<I would like to move my IRA from a mutual fund to a self-directed IRA with a discount broker. Is that possible?>>

Absolutely. Any discount broker will be glad to help you through the transfer process. Just pick one and give them a call. You'll complete and return two forms, one to open the self-directed IRA with the broker you choose and the other a set of instructions directing your current custodian to liquidate that IRA and send the proceeds to the new IRA custodian. That's called a direct transfer and avoids any possible tax hassles you could encounter if you rolled the funds yourself. So, find yourself a broker and enjoy. :-)

Regards....Pixy

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev Thread | Next Thread
Advertisement