my ira comes due in oct 06 can i roll it from institution to another?

Question

the bank where i have my ira has stinky rates can do better elsewhere

Answer 1

You certainly may, without penalty.

Further, you can invest in just about anything your heart desires in tradeable securities: stocks, bonds, even options or mutual funds.

Why settle for a bank rate? At least find something that will stay ahead of inflation.

Answer 2

You can roll the funds into an IRA with another financial institution. The new company will be glad to help you fill out the required paperwork. I work in an bank mail room and see the forms all the time. BTW, IRAs never 'come due'. The CD the bank invested your money in is up for renewal.

Answer 3

Yes, one high, easy, rate of return is a IRA fixed Annuity rolled over directly through the insurance company, not a broker. You can get a better rate of return, and still have the money accessible to you after 59 1/2. If you need help on not so stinky rates let me know

Answer 4

Yes you can, I work for mutual fund company that handles IRA's: Traditonal, Roth, Simple, 401K etc. all you need to do is find a mutual fund company thats a right fit for you. I work for American Funds. For example, fill out there Traditional IRA application, and then fill out a transfer of asset or rollover form, and you wont be penalized with fees cause all your doing is rolling over your money to our company. But the choice is yours of course, if you want to do something like that then you will need to speak with a financial advisor to set everything up for you.

Answer 5

You certainly may take your monies to another institution. The cleanest way to accomplish this would be to authorize a Trustee to Trustee transfer. Hence, the proceeds are sent from your current Custodian of your IRA to the New Custodian you may choose depending on their investment rates. Good Luck!

Answer 6

Yes you can roll it over to an Insurance Company.

The Best SAFE MONEY products are the following:

1. Fixed Index Annuities ------Where your account value does NOT Decline in Value. -----Where the Credited Interest to your account does NOT Decline in Value. -------Where the interest you earn each year is based ONLY on the Upside of a Stock Index (You would accept a Cap on the Upside of say 8% in exchange for not having your account decline in value, wouldn't you???? I know I would!!!!) The Cap varies by company & annuity and is usually guaranteed for 1 year. Other crediting methods are also available. To Learn more Visit: http://www.jdsannuities.com/index_annuities

By the way, the way the insurance company is able to vary the interest you earn which is based on a stock index is by the use of a derivative for the interst part only.

2. Fixed Deferred Annuities - Where you have a wide selections of multi-year guaranteed rates or for 1 year, 3 years or 5 years. most are 5 to 10 year products. To Learn more and see most of the rates for yourself visit: http://www.jdsannuities.com/annuity_rates

3. Immediate Annuities - For Guaranteed Monthly Income for Life, Joint Life or for a Period of Time: Go here to learn more - http://www.jdsannuities.com/immediate_annuities


To view the overall website for Annuities visit: http://www.jdsannuities.com

Answer 7

Yes.
Almost any financial institution (bank, investment firm, etc.) can help you with your IRA. As you might imagine, they're always looking to open new accounts.

Answer 8

In his way Stalin develop into yet another Hitler, and Stalin lasted longer in skill, and died of previous age, nonetheless in skill. Stalin develop into in cost of Soviet Russia, the biggest u . s . a .. on the grounds that that element there have been countless dictators in cost of countries which have had huge effect, e.g.Ghaddafi in Libya (small u . s . a . by employing inhabitants, yet vast effect because of oil), Mao Tse Tung in China and Saddam Hussein in Iraq (oil, again, and look on the chaos in Iraq on the grounds that he develop into deposed). no individual can anticipate the destiny, yet i'd not be taken aback to come across a dictator in an same position to Hitler at a even as.

Answer 9

Yes, but consult an experienced tax preparer first.