Advisors Dropped the Ball: IRS Letters Address Costly IRA Transfer Mistakes
Oct 22, 2020
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
Advisors have a responsibility to advise clients on how to move assets between IRAs. Failing to advise clients on which portability method to use can result in adverse financial consequences from which some IRAs cannot recover.