UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: 3muttsmom Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75802  
Subject: Re: Rollover 401(k) to Roth IRA? Date: 1/16/2005 4:24 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My plan had been to move the RMD from an inherited IRA to ING Direct for monthly dispersal to our checking.

I guess I don't understand. You're moving money from the IRA each month to the ING then almost immediately moving it to your checking account?

Why would you want to bother, anyway? I can't imagine that a few days interest would be that big a deal, so the ING would be offering you no advantage.

The ING is a savings account - hence the regulatory requirement of less than 6 withdrawals each month.

As Fuskie said, this is meant to be used for long term funds that you want to keep safe. It's not a transaction account.

I think the direct ACH from Vanguard to your checking account makes sense for what you're trying to do.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.