Can you move a IRA from one company to another company?

Question

Can you move a IRA from one company to another company?

Answer 1

Yes.  It is called a transfer from one custodian to another.

Answer 2

Usually very easily...just log on to the company that you want to go with...and fill out their " transfer of assets" form...they will contact the other company and you'll be notified when it's complete.

Answer 3

You can move it from one custodian to another.  This is the best way to do it, since no tax has to be withheld if if goes direct from custodian-to-custodian.

You can also withdraw it, take posession of the funds and open a new account with another custodian, but there are pitfalls if you don't do it properly.