- 1). Go to the bank to which you wish to move the IRA account. Speak to a customer service representative and ask him to set up a IRA account in your name. Provide your name, address, phone number, ID and any other information he requests. Sign the paperwork that pertains to the account. Decide what kind of investment you wish to stow the IRA funds in and tell the representative when you expect to return with the proceeds.
- 2). Go to the bank holding the IRA account. Ask a representative to close the account and have a check made payable to the new bank, for your benefit. Ensure that the representative completes the IRA distribution form correctly to show that the funds are being transferred and not withdrawn. Request a copy of the IRA distribution form.
- 3). Return to the new custodian bank within 60 days. Give the check to the representative and instruct them to invest the money into the product of your choice. Request a receipt and any other paperwork that the transaction generates such as a CD agreement.
EDITOR PICKS & Articles
- RV Insurance Policy Basics
- Some Tips on How to Find Cheap Auto Insurance
- DUI Auto Insurance - Don"t Drink and Drive!
- Look for the Best Cheap Auto Insurance Online Option
- How To"s Of DWI Auto Insurance
- Auto Insurance - 11 Tips For Better Auto Insurance Quotes
- Is It Okay to Drop Collision and Comprehensive Insurance?
- Compare Auto Insurance Companies - The Fast and Easy Way to Compare Auto Insurance Companies
- State of Ohio Car Insurance Law
- Get Better Rates on Your Caravan Insurance
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
"Business & Finance" Categories
Advertising & Marketing Arts & Crafts Bankruptcy Blogging Biz Business Insurance Business News Careers Corporations Credit Debt Electronic Commerce Economics Entrepreneurship Finance Home Based Business Investing & Financial Markets Loans mortgage Outsourcing Personal Finance Renting & Real Estate Shopping Small Business Social Media Stocks-Mutual-Funds Taxes Wealth Building
Stay With Us