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Very unusual situation with a bank...


Denne

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There is no limitation on moving the IRA funds more than once a year. The problem is that you can't have more than one rollover per year - the other moves must be direct transfers. If he actually had possession of the money the second time and rolled it over, you may not have an IRA any more. He may have a distribution.

Thank you.....he did not handle the money the second time. He did not know the funds were being transferred! Thanks for putting my mind at ease on that issue.

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