Hello fellow fools,I could use some sage advice. I am planning on a trustee to trustee transfer from a tax sheltered annuity (Travelers 403b) to a Roth IRA through a discount broker. I have been told by some brokers over the phone that I would have to first open a traditional IRA and then rollover/transfer to a ROTH. What are the tax implications of this? Is this true? I did read the articles re: Rollover vs. Transfer and did not see this mentioned. Any thoughts are most appreciated.Thank you,EllenMT
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