My IRA has always been at my broker and with their ratees at effectively zero and a local CU that pays 2%, I wanted to look into it. What are the limitations & so forth. I know its not something I can transfer back & forth a lot but is it once a year or that exactly? And how does it work for practical reasons? I have many accounts linked with my broker but none for the IRA.
My cash % in the IRA is 36.4% so I would probably keep 10-15% or so in the brokerage account but if we have a crash, Id want to be able to get the money back to the brokerage.
I am retired but under 60 so I feel comfortable with 63.6% in stocks, but Id go 100% if it did not coincide with something impossible to predict or measure in terms of affects to businesses like covid.