To move assets from my brokerage account at Schwab to my wife’s brokerage at Schwab, I filled out a form which had a checkbox for Schwab to retain the permission. Now when I transfer, her account is listed and I can choose it to transfer cash or in-kind.
Last week we took RMD's from his tIRA and the proceeds were deposited in his brokerage account. This week we attempted to move the proceeds from his Vangaurd brokerage account to hers, so she can move it to her bank account to pay bills - but we were unable to move the money.
(2) Does anyone have similar situation or accounts set up at Fidelity or Schwab that actually work the way they are supposed to work?
Statistics: Posted by typical.investor — Wed Nov 06, 2024 1:11 am — Replies 13 — Views 2145