How to Rollover IRA from One IRA to Another?

Sometimes, people need to rollover IRA from an IRA at one company to another IRA at a different company.

This may be because they prefer the financial advisor at another company or they feel like they are better taken care of or they feel like the investment choices are limited in the current company.

You can absolutely transfer your IRA account from one company to the next. It is called a trustee to trustee transfer.

You have to sign a few forms but it is not big deal. People do it all the time. However, the losing company may charge you a fee for closing the IRA account.

 

This entry was posted on Thursday, November 13th, 2008 at 8:11 am and is filed under Reference.