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https://boards.fool.com/greetings-oarsman-and-welcome-you-asked-12215519.aspx
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| Subject: Re: Transferring my IRA | Date: 3/16/2000 12:22 PM | |
| Author: TMFPixy | Number: 20145 of 107482 | |
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Greetings, Oarsman, and welcome. You asked: <<I've been reading up on IRA's -- all about conversions, starting IRA's, etc. -- but I haven't seen anything that gives me a concrete answer concerning my specific situation. Does anyone have any information about fees, penalties, etc. that I may incur by doing this? Or will it be "free" -- just like transferring stock from an old non-IRA account in order to start a new non-IRA account? >> Any fees are contingent on your present IRA custodian and the investment itself. Many losing custodians will charge a liquidation/transfer fees and some investments like mutual funds have a back-load (commission) that applies when you sell that investment. So, check with your current custodian to see what fees may apply in your case. Regards..Pixy |
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