IRA Direct Transfer Rollover Request & Rollover Election Form 2025

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There are also two types of rollovers: direct and indirect. With a transfer or direct rollover, your money is sent directly from one institution to another. With an indirect rollover, the moneytemporarilycomes to you.
The IRA Rollover Request Form is used to initiate a rollover of assets to a qualified retirement plan. This form authorizes Retirement Clearinghouse to request a transfer of assets on your behalf. Mail to: RCH Shareholder Services. Fax to: (704) 353-9841.
A transfer occurs when you instruct your custodian to move your assets from your current IRA to an IRA at another institution. A rollover, on the other hand, involves transmitting retirement assets to an IRA from a different type of account, like a 401(k) or 403(b).

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IRA Transfer Request Form-60-05/2021. 1. IRA TRANSFER. REQUEST FORM. *The IRA Transfer Request Form is used to facilitate the transfer of assets between two IRAs.
A transfer is likely the best option if you move funds between like-account IRAs. Transfers offer a straightforward way to move funds between IRA accounts and are not held to IRA limits or reporting requirements. If you are moving funds from a qualified or employer-sponsored account, then a rollover is the best option.
A direct transfer is typically a transfer of money from one retirement account to another, facilitated by the two financial institutions involved. A direct transfer is usually done when an employee has left their job and transfers the money within their 401(k) into an IRA.
Direct rollover If youre getting a distribution from a retirement plan, you can ask your plan administrator to make the payment directly to another retirement plan or to an IRA.
Disadvantages of an IRA rollover Creditor protection risks. You may have credit and bankruptcy protections by leaving funds in a 401k as protection from creditors vary by state under IRA rules. Loan options are not available. Minimum distribution requirements. More fees. Tax rules on withdrawals.

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