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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75669  
Subject: Re: IRA rollover to more than one account Date: 1/6/2005 9:44 PM
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WElcome toosheytootell. Glad you could joint us.

Partial IRA rollovers are legal. You will probably have to fill out the paperwork for each one and for each future custodian. But no hassle. Just contact the custodian to receive the funds, tell them what you want to do. Usually they have forms to fill out, sometimes on their website, and they do the rest.

If several of these accounts wind up at the same custodian, you may want to consolidate them in one account to minimize maintenance fees. Most fund companies have minimum requirements for some investments--espeically mutual fund holdings, but no limit on the number of different funds (or stocks, bonds, etc) you can own in a given account. So you may very well be able to do all of these investments in one account (unless you have a good reason for more than one account).

Good luck.
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