I think this is a pretty basic question but I've never dealt with it before so wondering if any MMM friends could offer advice.
My partner in crime recently cashed out of an IRA with a local bank and wanted to roll it over into an existing Vanguard IRA. She was a bit upset with said bank and basically just yanked the money out, not realizing that perhaps the easiest way to transfer to Vanguard would have been a direct electronic transfer... so in hindsight that probably would have been the way to go... but she didn't and now here we are :)
So with check in hand issued by the bank does she now cash that check and deposit the same amount of money into the Vanguard account within a certain amount of time and that's all she really needs to do to avoid any tax implications or does the check need to somehow be signed over directly to Vanguard / are there other forms that need to accompany the transfer etc.
Thanks for any info you can provide.
