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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Cornstock who wrote (34161)2/22/2000 6:01:00 PM
From: John Mav  Read Replies (1) | Respond to of 79230
 
ECHO looks great

ATMS knocking on the 5$ door again

f*&%$ CELN



To: Cornstock who wrote (34161)2/22/2000 6:11:00 PM
From: Sal D  Read Replies (2) | Respond to of 79230
 
Hello Peg,
and all you 56ers.
Still have you bookmarked Peg, hope everything is OK with you. Sorry to hear about your problem with Ameritrade, this might help you.

There are two methods you can use to move funds from one IRA to another: rollover and transfer. For a rollover, you have 60 calendar days from the date of receipt to roll over the distribution to another IRA. Rollovers from IRAs may not occur more than once during a 12-month period (this rule applies to each separate IRA you own). A transfer occurs when the funds are moved from one IRA to another without you having control or custody of the funds. There are no time or frequency limits on the number of transfers permitted.
Good Luck
Joe



To: Cornstock who wrote (34161)2/22/2000 6:32:00 PM
From: Alski  Respond to of 79230
 
Peg,
Joe's answer is quite concise. Here it is straight from the horse's mouth:
irs.gov

My opinion? If all your holdings in your IRA are long termers then tis better to transfer. If you're trading in your IRA then perhaps a rollover is better.

The problem with transfers is how long they can take. The problem with rollovers is the 60 day time limit and the 12 month lockout from additional rollovers (if you don't like your new broker either).

Picked your new broker yet? You might think about opening a new IRA with a Y2K contribution and checking them out first. If you like them then you can have them transfer everything from your other IRA's, no need to consolidate first.
FWIW...Alski
P.S. I'm curious who your new broker is going to be. Let us all know, eh?



To: Cornstock who wrote (34161)2/22/2000 7:53:00 PM
From: bdog  Read Replies (1) | Respond to of 79230
 
sorry to hear that Peg. Super frustrating. have you seen this thread?

Subject 24050

Schwab still sucks from my end. oops. did i have authorization?

brokerdog



To: Cornstock who wrote (34161)2/22/2000 8:00:00 PM
From: bdog  Read Replies (1) | Respond to of 79230
 
new broker comparison stuff:

stockinvesting.com

keynote.com

gomez
gomezadvisors.com

cant believe schlob scored so high... did i say high? yes high commissions...

let us know peg, i am leaning towards Datek or Brown and Co, or maybe I will stay lazy and wait for schlob to lower rates for us poor guys

bdog