January 2026
It is important that an IRA custodian/trustee which issued a transfer check to another IRA custodian/trustee or IRA annuity issuer confirms that the transfer check it has issued to the successor IRA custodian/trustee or IRA annuity issuer has been received and negotiated. Normally there are no issues as the transfer check is cashed promptly. One method is that one confirms the transfer check was negotiated. The second method is to have the receiving institution send you an email or fax notifying you that the transfer check has been negotiated and that the transfer has been completed.
At times a transfer will not be completed because the transfer form becomes lost in the mail or it is mishandled at the receiving IRA custodian/trustee. This is an undesired situation. There has been no transfer if the transfer check has not been negotiated. The funds thought to be transferred are still IRA funds.
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