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My mother is attempting to transfer IRA annuity to Vanguard. She has filled out all the paperwork from Vanguard. We called Vanguard because they mentioned a signature guarantee may be required. Vanguard told us that we would need to call the annuity to see if they required a signature guarantee.

I was not there when my mother called the annuity but they told her that they did not require a signature guarantee but that they would send a surrender document for her to sign and then they would send a check made out to Vanguard to her and as long as it was made out to Vanguard then she would not lose her IRA status nor have to pay taxes nor any of a dozen other things.

This sounds a bit weird. I have done a half dozen rollovers and a couple of transfer and never have I been sent the check. I really don't trust this company. Are they correct that as long as the check is made out to Vanguard, there will be no problem with taxes or the IRS?

BGP
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