Hello. I am inquiring about the following the three items pertaining to IRA transfer of funds restrictions:

A) I want to transfer funds from an established Traditional IRA account at a financial institution to another established Traditional IRA account at a different financial institution. Am I allowed to do this as many times as I want without penalty, or am I limited to do this without penalty once every 12 months? (I am aware of difference in definition between “once every 12 months” and “once a calendar year” transfer.)

B) Same question as A) above, but the transfer would be from an established Roth IRA account at a financial institution to another established Roth IRA account at a different institution?

C) A hybrid question is, if your answer to both A) and B) is I am only allowed to make one transfer of funds per 12 month period to the same account type without penalty, does that mean:

– I must select whether to make the transfer of funds from the Traditional IRA -OR- The Roth IRA, or

– Does it mean that I am allowed to make the one time transfer of funds from BOTH the Traditional IRA account -AND- the Roth IRA account?

Perhaps there are no transfer restrictions and associated penalties at all in the above scenarios, in which case, that would be fine.

I look forward to your reply.