I had a Traditional IRA with JPMorgan Chase Bank. I directed a direct rollover of the amount to Corebridge Financial where I had an existing IRA in order to consolidate accounts. Corebridge cashed the check on 12/17/25. They sat on the check because they "did not know what to do with it," without notifying me. I have now asked that Corebridge return the full amount to me. In the meantime, I am trying to open an IRA with another bank to fund it with the money to be returned from Corebridge. I will soon exceed the 60 day limit set by IRS for rollovers. How much of a penalty can I expect if I exceed the time by a couple of days?
