tiny amounts left over when transferring roth ira

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tiny amounts left over when transferring roth ira

Postby justus » Sun Dec 30, 2012 1:48 am

I recently moved my roth ira from etrade to vanguard and noticed that after the money was moved, I had a zero balance for a few days, and now there are a few cents in my old Roth. I received what must have been a distribution from a sweep fund. Do I just leave it there at Etrade? Will they charge me a low balance fee and leave me with a negative balance?

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Re: tiny amounts left over when transferring roth ira

Postby celia » Sun Dec 30, 2012 3:34 am

I would call ETrade and ask them your questions. If they were supposed to move the entire IRA, this left-over dividends should have gone with it (although they hadn't yet received it from the stock company).

I converted an entire traditional IRA to a Roth at ETrade at the end of a year. The balance was 0 on Dec 31. A few days later, I had a couple of dollars in the account. Moving that to the Roth soon after was a conversion for the next year.

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Re: tiny amounts left over when transferring roth ira

Postby bertilak » Sun Dec 30, 2012 6:45 am

I have moved investments, both as liquidated cash and as actual shares, from one brokerage to another several times. There were always a few "crumbs" that showed up days later and they were always (eventually) moved as well with no extra action on my part.
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