Roth IRA Rollover process

[creditcardfree]

One thing though. If they release the money directly to you, I think they're required to withhold 20% for taxes but you need to roll over 100% to avoid penalties. So you need to be prepared to make up that missing 20% out of your own funds. In other words, if the account holds $10,000, they will send you a check for $8,000 but you need to send Vanguard the full $10,000.

I thought of this originally too, yet it is a ROTH IRA. I wasn't sure if that rule still applied for a ROTH. I haven't been able to find it confirmed or denied any where.

@kork, it's great you had the option not to withhold!

[sblatner]

Has the original investment increased very much? Would you mind telling us how much it is?

Since the original investment in a Roth can be withdrawn at anytime tax free, depending on the above answers, maybe she should just withdraw it (unless that requires a Medallion guarantee also).

[scfr]

I pulled up this thread because yesterday DH & I needed to get Medallion signature guarantees on some paperwork, so we went to our local bank branch where we have a relationship, got the stamps, then swung by the post office and mailed off the paperwork.

Out of curiosity, I did an internet search and found out that there is a now a company that offers these guarantees on line. It is called eSignature Group, LLC and the web site is eSignatureGuarantee.com. The charge is $149 per medallion stamp. From the information on their web site, it sounds like there is a bit of a wait time for delivery.