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Hi there J435


It would be a big mistake to withdraw the money from your commercial bank IRA directly. It would incur full tax and penalty for age less than 59 1/2. You can do an IRA rollover from your commercial bank IRA to a new IRA with another trustee, either a mutual fund like Vanguard or Fidelity, or a discount broker like E-trade or Scottrade. First select the place you want to move to, then get the paper work from the new trustee for a Rollover. Fill it out, sign it and have it notarized, then send it to your selected new trustee. They will assign you an account number and send the demand for funds to your old commercial bank trustee. This will effect a direct trustee to trustee transfer of funds, that is not subject to tax or penalty. The name of the game here is that if you get your hands on the money, you have only a very limited time to get it to the new account before Uncle grabs a big chunk. Do it the safe way. Let the trustees handle it for you. After that you direct your trustee to buy what ever investment vehicle you chose. That can be computer online trade or offline with your telephone as you choose.

Fool on there J435fool

The Nerdifool
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