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Split rollover IRA? |
I currently have a rollover ira in a vanguard target fund but I wanted to move some money into Dodge and Cox International Fund. Will that be possible if I set a new account as a traditional IRA or do I have to move all the funds? No, you can transfer as much as you want, up to the total amount (subject to the minimums of both accounts). Transfers from a Rollover IRA to a regular pre-tax IRA are OK. Just do a direct transfer from Vanguard to D&C (call either to get the forms). You can certainly move as much or as little as you want. You can set up IRA's at all the fund companies if you wanted to! IRA rules allow you to transfer (which is non-taxable, non-reportable) between a Rollover IRA and a Trad IRA as many times as you want. |
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