I contributed $7000 to my Traditional IRA account last week, and the amount has settled. However, when I attempted to do the conversion to Roth, it says the amount of cash available for withdrawal in my TIRA account is a few cents (earnings on the contribution).
When I reached out to a Fido agent, she said I will need to wait until 10/24 before making the conversion. The reason she gave was that all transfers are paused for 3 weeks due to fraudulent transfer activity that is pervasive at this time.
Hard to believe, they are asking to wait for 3+ weeks. Is this a known issue? Are other brokerages doing the same?
When I reached out to a Fido agent, she said I will need to wait until 10/24 before making the conversion. The reason she gave was that all transfers are paused for 3 weeks due to fraudulent transfer activity that is pervasive at this time.
Hard to believe, they are asking to wait for 3+ weeks. Is this a known issue? Are other brokerages doing the same?
Statistics: Posted by teaman — Wed Oct 02, 2024 4:38 pm — Replies 16 — Views 1533