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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75381  
Subject: Re: Transferring an IRA Date: 1/2/2004 11:16 AM
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It was suggested that I could get a check from the old broker, deposit the funds into my personal bank account, then write a check to the new broker for the exact amount. Provided that I accomplish this pass-through within 60 days there would be no tax issues.

My suggestion is always to not touch the IRA money - have it go directly from one broker to the other. If something happens within the 60 days and you don't get to it, you're just screwed. I know it's hard to imagine but a car accident on day 59 would do it.

rad
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