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Originally Posted by Finance dummy
Yes this is what I am referring to. So do I just call my IRA, tell them I want to roll over funds to another IRA, and send the check to me? Can I do this if I haven't made and contributions to the IRA in a couple years? Can I take out an amount like $2000?
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It doesn't matter when you last contributed to the account.
As I said, the one thing I'm not sure of is if you can take the money out and put it back in the same company. And don't forget about the withholding. If you need $2,000, you'll need to cash out $2,500 and then repay $2,500 or you'll get hit with a penalty.
Call your IRA company and find out the details.