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manutdman
Sep 30, 2006, 11:27 AM
Anyone here done an ira rollover (http://www.research401k.com/ira-rollovers-transfers.html ) of their retirement savings?

It says in the article "IRA Rollover is you taking up responsibility of your retirement savings account for upto 60 days before reinvesting it into a new retirement plan"

How did the process work? What broker did you deal with? How fast was the transaction carried out and how much fees did they charge? Thanks!

Fr_Chuck
Sep 30, 2006, 04:24 PM
I have rolled over several times,

Normally I merely have the one company write the check directly to the new account. Regions Bank has soom good ones, as do most Investment companies.

I have had good luck with Meril Lynch Funds averaging arouind 15 percent on my investment the last few years.

Dr D
Sep 30, 2006, 06:58 PM
I did a roll-over of my 402-K into a self directed IRA through Fidelity. There was no charge, and the transaction was virtually instantaneous. Since Fidelity had my 401-K. and wound up with my IRA, there were no checks to be written, or costs incurred. As long as you don't receive the funds from your 401-K or IRA, I believe that you should be able to move them at will, without charge or tax consequence.