when rolling over individual retirement account is it better to have the funds transferred or get the check ?
I have heard that the institution issuing the check will withhold taxes, but if you have the funds transfered, this will not happen in the case of rolling over your IRA, or individual retirement account, you will get a 1099 for tax purposes. To explain better this is when you have an IRA account with a bank or a certain institution, and you are planning to take your account to another institution, within 60 days, and put it in another IRA account.
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How to Move Funds from a Traditional IRA to a Roth IRA
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