3 Ways To Transfer An Ira From One Bank To Another
If you currently hold a Roth IRA, you’ll need to open a Roth IRA with your new bank. You can’t transfer or roll over a Roth IRA to a traditional IRA. [2] X Trustworthy Source Internal Revenue Service U. S. government agency in charge of managing the Federal Tax Code Go to source If you currently have a traditional IRA, opening a traditional IRA with the new bank is probably your best option, especially if you’re in a higher tax bracket or close to retirement....