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In December Youngest moved his 401K to a Roth and Traditional IRA. This had to be done via check in the name of the institution FBO Youngest Roth/Conventional IRA, per rules of the 401K administrator. No direct transfer, unless having the checks titled that way is considered a direct transfer.

He will be doing a Roth conversion of the TIRA and then moving the account to Vanguard. Because UBS charges a $95 transfer fee, I am looking at putting the remaining Roth into cash and having them send a check titled the same way as they received it, Vanguard Roth FBO Youngest. Would we have to wait until 2019 to do that, since it would be two transfers by check in one year? Heck, it might take that long to do the conversion anyway, and UBS may not make the fee distinction between sending over mutual funds and sending a check, but it's nice to know what the Feds will let us do and when.

TIA,

IP
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