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Yes, you will get penalized unless you can "roll" it to the other account, then you should be safe.
Be sure to contact that broker you are working with to make sure that happenes.
But, if you pull it out.... you will get hit with a penalty
they havent pulled the money out of my account if i just take it out the IRa wont get funded will that work the same way
yes, perfect, you need to intercept it and then cancel the transaction
I will be able to avoid those taxes by doing that.
be sure to keep the record of what you are doing though for the end of year
good deal thanks. i appriciate your help!