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Re: BigBang post# 418657

Sunday, 03/29/2015 7:24:15 PM

Sunday, March 29, 2015 7:24:15 PM

Post# of 730204
You ask your broker to transfer your escrow from IRA to Roth IRA immediately. As long as your IRA account has been set up more than 5 years, you are qualified to do so, including shares or cash. If there is cash, you have to pay tax. Since escrows have Zero value, do it ASAP.

However, I could not transfer escrow from investment account to IRA because IRS only recognize cash not stocks.

Also, if you are retired without working income, then you are NOT allowed to transfer neither cash nor shares.
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