As long as the check is made out to the brokerage (FBO you) and not made out to you. Then the money is still going directly from Brokerage 1 to Brokerage 2.… it would be a direct transfer or rollover, even if you had the institution send you a check. (like if you wanted to, you could have Vanguard send you a check as a distribution, and send it to them or another saying "deposit this into a Roth account".
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Indirect means you take possession of the money somehow in between tax-advantaged accounts, generally in a taxable account (but I suppose it could also be in cash).
Statistics: Posted by rkhusky — Mon Dec 09, 2024 7:46 am — Replies 96 — Views 4551