Skip to main content
No. of Recommendations: 1
Sure, no problem. You open an IRA with your new IRA custodian and then, in either order, (1) transfer custody of the IRA account from the old custodian to the new custodian, taking no assets into your own hands in the process lest you incur taxes and premature distribution penalties, and (2) make the contribution you want for this year to your new IRA account. No taxes due. You can change IRA custodians as often as you like.

Regards,

Chips, who recommends index funds for retirement accounts, on the rare occasions that someone asks
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.