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question everything

(49,518 posts)
6. They did, until the conversion
Tue Jan 21, 2020, 10:09 PM
Jan 2020

I am talking traditional IRA. It used to be that i would withdraw, say, $1,000 and ask them to withhold 15%.

The confirmation would give both numbers and the amount $850 that was transferred to the bank. Now I get two notices: one, about the $1,000 withdrawal. Another, a day later, the amount that was electronically transferred to my bank.

Since you had only one transaction, the Roth conversion, there is not much confusion, I suppose.


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