Can you roll an Investment over again without penalty after its been rolled once before ?
2006-06-30 15:04:50 · 3 answers · asked by 303S 3 in Business & Finance ➔ Investing
I assume you are talking about an IRA investment? Yes, you can--but your language is a little murky. A ROLLOVER usually means funds coming from your employer to an IRA account after you have left that employer. The term IRA transfer means moving your IRA funds from one custodian to another. (Say from a bank to a brokerage firm). But age has nothing to do with it, and you can "transfer" funds from custodian to custodian as often as you'd like.
Moving your money around frequently usually is not in an investor's best interest. You want to establish a smart, well-diversified investment plan, and generally stay with it.
Hope this helps!
2006-06-30 15:14:33 · answer #1 · answered by jalfredprufrock 2 · 0⤊ 0⤋
I believe it is not how many times you roll it over, but when you do it. Most financial businesses have an open date, to roll it over without penalties. Check with the institution when they have an open date.
2006-06-30 22:13:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You can roll over as many times you like,only withdrawal may cause penalty.
2006-06-30 22:12:51 · answer #3 · answered by sudhirnayak@sbcglobal.net 2 · 0⤊ 0⤋