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Author: 2baphool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Trustee transfer messed up Date: 1/18/1999 4:07 PM
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Has anyone seen/done this, and is there any recourse?
I transferred a partial cash amt. from one broker to another inside an ira. Waterhouse was the receiver, and I just Fri eve noticed that they did not set it up as an IRA. I have copies of papers, clearly stated to be an IRA transfer. The 60 days have passed. I have traded stock in the account, because I assumed they had set it up correctly. My spouse has converted to a Roth and now, if this is unable to be corrected, I will have to uncovert in order to save some $ tax. The sickest part is that if they wont make the entries to make it an IRA I lose also the ability to trade inside an IRA, and will have to redeposit the funds gradually over many years to get it all back into a Roth.
Sorry long winded...but have to wait till Tues to talk to WH and see what we can do. going crazy meanwhile, and the boards were down over wkend...help.
thanks in advance.
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