My wife worked for a company and has an IRA and we are in the process of moving it to Schwab.
I'm assuming what she needs to do at Schwab is to create a rollover IRA account?
Is a Traditional IRA what some people can contribute to yearly depending on their income and is separate from a 401K IRA?
She called them up but I think something got crossed up and they created a traditional account for her but then it asks for the year of the contribution so I know that has to be wrong.
(In the past when I've done this, I only contacted the receiving brokerage and things were transferred electronically but her old company uses a company that has to give her a check, made out to Schwab, and then we deposit it.)
I'm thinking it might be safest to just go to the local office and do it there.
Thanks.
I'm assuming what she needs to do at Schwab is to create a rollover IRA account?
Is a Traditional IRA what some people can contribute to yearly depending on their income and is separate from a 401K IRA?
She called them up but I think something got crossed up and they created a traditional account for her but then it asks for the year of the contribution so I know that has to be wrong.
(In the past when I've done this, I only contacted the receiving brokerage and things were transferred electronically but her old company uses a company that has to give her a check, made out to Schwab, and then we deposit it.)
I'm thinking it might be safest to just go to the local office and do it there.
Thanks.
Statistics: Posted by rich126 — Tue Apr 09, 2024 4:36 pm — Replies 0 — Views 27
