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I have an existing IRA with Fidelity, and a Roth with TD-Ameritrade, and I am retired,with no W2 income. I'd like to transfer money from IRA to the Roth, up to the tax bracket limit that I want to stay in for this year. I called Fidelity, the rep told me that I would need to open a Roth at Fidelity, and then I could transfer out of that Roth into the TD-Ameritrade Roth. This doesn't really make sense to me. I asked if there would be a 5 year waiting period before distribution from this new Roth would be tax free ( see link ), and he had no idea.

Any thoughts on this ?


Yes: brokers hate for you to take assets out, and love to get them.
In your case, call Ameritrade and authorize them to grab your Fidelity assets into your Ameritrade account. Be sure to do a trustee-to-trustee transfer. You do not want to have access to the money.
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