 Quote:
Originally Posted by jameson71
I would be wary any time someone says you need to get a check for a rollover. I know with some IRAs, the transfer MUST be institution to institution, untouched by the person, or else it is considered a withdrawal, and taxed & penalized appropriately.
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Sometimes it just has to happen that way. When it does, there are no tax implications to receiving a check -- as long as you don't deposit it, but get it to your new custodian so they can deposit it.
-- Rita
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Only got A dimple, would have preferred 2!
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