Quick reminder, when these disributions occur the trustee will create one master check of hundreds of thousands or even millions to the IRA custodian with a report as to how all that money gets posted to the various IRA holders (per the shares they have in the BK trust) …

So don’t be surprised when your account doesn’t show your funds posted for a week or 10 days … this is the custodians chewing through that large check to allocate to each IRA. You have to be patient and expect that process, while you are reading posts of many others crowing about their check arriving in the mail.

4 thoughts on “IRA folks

  1. Thanks, Greg. As always, if I have any questions I’ll let you know.

    On Wed, Oct 21, 2020, 9:24 AM Lessons Learned from the Woodbridge Scam wrote:

    > Greg W. Anderson posted: ” Quick reminder, when these disributions occur > the trustee will create one master check of hundreds of thousands or even > millions to the IRA custodian with a report as to how all that money gets > posted to the various IRA holders (per the shares they have” >

    Like

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