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hi there in this explainer video were going to answer the frequently asked question of how do i move money from one retirement plan into a self-directed ira now there are different types of retirement accounts a 401 k a 403 b a 457 a thrift savings plan or maybe its not an employer sponsor plan but its in an ira so if you have an existing ira you can simply transfer funds from your existing ira into a self-directed ira as long as youre going from like account to like account theres of course no taxes or penalties its a fairly straightforward process now keep in mind that you do need to give that process some time so its not an overnight process to get money from one financial institution into the self-directed ira so really important if youre gonna be making offers on real estate or executing on other alternative investments that you start the process of opening and funding your account well in advance so you dont miss out on any transactions so i array to ira you would open a