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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.


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