Message Font: Serif | Sans-Serif
No. of Recommendations: 0
In case anyone else is wondering about this, joebedford's advice was sound, if obvious - it depends on the custodian!

Vanguard, for example, wants to receive the paperwork by their close of business Monday - though there is something on their web site about doing an on-line application and getting electronic confirmation of some kind, again before COB Monday. On the other hand, T. Rowe Price (in nearby Baltimore) is pretty obliging if you live around here. Their investor centers will be staffed and ready to take your money Saturday, Sunday, and Monday until 7 PM. (Sort of like the Post Office does in many large cities, having clerks in the lobby, and often at curbside, postmarking tax returns right up until 11:59 PM April 14th...)

And Phil, your advice was good as well, and it occurred to me shortly after I posted: establish the IRA at local bank, and subsequently transfer to another custodian if desired. Now I just have to get Number 1 Son to go along with the program.

Thanks, all - Lorenzo
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.