The color scheme was created by TV. journalist Tim Russert on the Today Show, and NBC program, during coverage of the 2000 presidential election. The red color is associated â¦ with the Republican Party and the blue color is associated with the Democratic Party. Another NBC journalist John Chancellor used the system as well in 1976, but his color scheme was reversed. People needed to differentiate between the two parties on big T.V. maps so it just stuck.
If you want to move your IRA, you have two options. The first is a rollover and the second is a transfer. The difference between the two is whether you take receipt of the money in the IRA. In a rollover, you cash out your IRA and have up to 60 days to put it into a new one or you pay penalties and taxes.
First, the firm that currently holds your IRA will likely hit you with a transfer fee. These fees can be as low at $50 but also can stretch into the hundreds of dollars. You might want to check with the brokerage you're transferring to, and ask if it will reimburse any of the transfer costs.Many will. And you'll also want to check what fees the new brokerage will charge if you want to transfer your IRA again.Some brokerages will waive minimum investment requirements for IRAs, but only if you make a certain level of investment on a regular basis.You'll want to make sure you check these things before moving your IRA.nd you'll also want to check what fees the new brokerage will charge if you want to transfer your IRA again. Some brokerages will waive minimum investment requirements for IRAs, but only if you make a certain level of investment on a regular basis. You'll want to make sure you check these things before moving your IRA.