Submitted by Slightofhandartiste t3_127p14r in personalfinance
So my question is: is there an easy way to transfer the funds sitting in my brokerage account uninvested to my IRA or do I have to withdraw the funds from my brokerage account back to my bank account and then deposit the funds into my IRA after that?
Update: called vanguard customer support, cancelled the deposit so it wouldn’t go through.
DeluxeXL t1_jef2w5t wrote
Depends on the source of the transfer. If it was not a tax-advantaged account, you can just contribute normally to IRA from any non-tax advantaged account. For example, moving money from taxable brokerage to IRA is still a normal contribution. It doesn't have to come from a bank account.