I had an IRA directly transferred from one bank to another. I put it in an annuity for 2 years. When I went to take it out and reinvest I found the bank did not code it correctly when first transferred in as an IRA from the first bank. The coded it as just plain money. Now I cannot transfer it anywhere because it is out of the 60 day rollover time limit. Now I'm looking at thousands of dollars in penalties and taxes. The bank keeps telling me they will rectify the situation but it's been 4 months and they have done nothing and never return my calls. Is there anything other than hire an attorney that I can do to force them to code that money correctly as an IRA?
Submitted March 02, 2021 at 06:57PM by Violetta573 https://ift.tt/3e9ikVj
