can RA funds be transfered to savings account
If you are dissatisfied with the performance of your IRA trustee, you can transfer the assets in your account to a different custodian or trustee. For example, if you have $14,000 in a mutual fund IRA, you can open a savings account IRA with your bank, and request a trustee-to-trustee transfer.The assets in your old IRA will be transferred to your new IRA and deposited into your savings account.ou can withdraw those assets if you wish and do anything you want with them, including depositing them into a savings account. With the caveat that depending on such factors as your age and what kind of IRA you have, your withdrawal might be subject to income taxes and penalties.