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    SUNDAY344's Avatar
    SUNDAY344 Posts: 1, Reputation: 1
    New Member

    Mar 17, 2014, 08:28 AM
    IRA Traditional/ bank changing rules
    I live in Pennsylvania. My Trad. IRA at local bank.. has offered me a buy out and I can no longer contribute. This acct gets 8%! The buy out requires me to roll over amt with buy out amt included into a new 1.5% IRA with them. I will lose money with this arrangement. Can the bank forfeit the acct and stop the growth if I turn down the buy out?
    ebaines's Avatar
    ebaines Posts: 12,132, Reputation: 1307

    Mar 17, 2014, 08:35 AM
    What type of investement is your IRA invested in? Is it a CD (certificate of deposit) that earns 8%? If so, when does the CD mature?

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