http://www.myretirementblog.com/transferring-roth-ira-accounts.html Retire happy, healthy and wise. Tue, 07 Feb 2012 11:13:49 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.myretirementblog.com/transferring-roth-ira-accounts.html/comment-page-1#comment-68230 sep ira accounts student Sat, 30 Oct 2010 06:09:26 +0000 http://www.myretirementblog.com/?p=516#comment-68230 Considering Sep IRA accounts, and find a lot of good information here. I especially like the flexibility of the SEP and the high contribution limit. Considering Sep IRA accounts, and find a lot of good information here. I especially like the flexibility of the SEP and the high contribution limit.

]]> http://www.myretirementblog.com/transferring-roth-ira-accounts.html/comment-page-1#comment-68229 sep ira rollover student Thu, 21 Oct 2010 20:23:09 +0000 http://www.myretirementblog.com/?p=516#comment-68229 Trying to figure out if I should do a Sep IRA rollover, so gathering all the information I can before I decide! Trying to figure out if I should do a Sep IRA rollover, so gathering all the information I can before I decide!

]]> http://www.myretirementblog.com/transferring-roth-ira-accounts.html/comment-page-1#comment-68228 jane myers Wed, 16 Jun 2010 00:43:25 +0000 http://www.myretirementblog.com/?p=516#comment-68228 I contacted my broker at UBS and said that I would like to rollover or transfer my cash balance in my sep/ira account to a CD in a different institution (Bank). I asked if I could write a check directly to the bank from my brokerage account. He said yes. Later, I find out that I can't. Evidently, as far as the brokerage is concerned, it is a distribution. The brokerage sent me a form 1 month after I did this. I filled it out as a rollover. 1 month after that he called me and said I filled out the form wrong. He sent another one. I filled it out again as a rollover. Finally, after 5 months, he reported it as a distribution. The bank reported it as a rollover. What do I do to avoid paying taxes on the same ira twice? Once with the brokerage that filled out a distribution form for 2009...and the bank that reported it as a rollover in 2008. The transaction took place in 2008. It is still in the bank as a sep/ira, so when I get the funds out of there I will have to pay tax again on the same money. I contacted my broker at UBS and said that I would like to rollover or transfer my cash balance in my sep/ira account to a CD in a different institution (Bank). I asked if I could write a check directly to the bank from my brokerage account. He said yes. Later, I find out that I can’t. Evidently, as far as the brokerage is concerned, it is a distribution. The brokerage sent me a form 1 month after I did this. I filled it out as a rollover. 1 month after that he called me and said I filled out the form wrong. He sent another one. I filled it out again as a rollover. Finally, after 5 months, he reported it as a distribution. The bank reported it as a rollover. What do I do to avoid paying taxes on the same ira twice? Once with the brokerage that filled out a distribution form for 2009…and the bank that reported it as a rollover in 2008. The transaction took place in 2008. It is still in the bank as a sep/ira, so when I get the funds out of there I will have to pay tax again on the same money.

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