It should not be necessary to open a brokerage account. Every brokerage I have worked with has a way to deposit money into your Roth from your checking account at another bank. You just need to make sure the IRA custodian classifies the deposit as a 60 day rollover.Thank you both for the quick response. Wanted to confirm that I need to open a brokerage account in order to complete the transfer into the Roth. I seem to recall that it was best to open a brokerage account with the same investment house (in my case, TIAA) and then move move from the newly opened brokerage account into my Roth.
Statistics: Posted by toddthebod — Sun Jul 21, 2024 12:58 pm — Replies 5 — Views 171
