Transferring Cash Between Sub-Portfolios

[StarBright2011]

Hi,

I am about to begin my Minimum Required Distribution (MRD) process where I move some cash from an IRA sub-portfolio to a non-IRA sub portfolio. Each sub-portfolio has its own cash investment.

Is there a way to perform this with one transaction? Or, must I use two transactions, where I redeem from the IRA sub-portfolio and purchase into the non-IRA sub-portfolio?


Thanks

[Mark]

Hi Ernest,

Unfortunately in this case you'd need to enter it as 2 transactions, since they each have their own (and different) default cash accounts.