I would like to open a Roth IRA 6 Month CD account. After the CD matures, how do I move the funds to another Bank if the rates are better elsewhere without triggering a taxable/penalty event?

Thank you ,
Rich

Rich:

Transferring IRA funds (be it Roth or traditional IRA) between banks is not a problem as long as you have the bank send the money directly to the other bank.

The only time it becomes problematic is when you have access to the funds during the transfer. When that happens, a 20% withholding requirement complicates matters, because that withholding IS a taxable event unless you make it up out-of-pocket. You get it back when you file your tax return, but that's a real pain.

Just have the bank do the transfer and you will be fine!