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Managing Your Account

Moving Funds or Assets from One Custodian to Another

September 3, 2015

This is often described as “transferring like to like.” It’s not a reportable event when someone moves funds from one custodian to another, without ever taking personal ownership of the funds.

Unlike rollovers, the IRS does not limit the number of custodian to custodian transfers a person can do within any particular time frame – nor does it a set time period the transfer must be completed.

Cash and assets, in-kind, can be moved through a transfer. The account holder can transfer all or only part of the holdings in a timing that works best for his or her goals.

No. You can move all of your assets or only part of your account’s holdings as you see fit to your new account at Equity Trust. Since there are no limits to the number of transfers you can do in a year, you can move your cash and/or other assets when it works best for your goals.

Yes. A self-directed IRA gives you the ability to diversify your portfolio with additional investments that are permitted by the IRS, in a tax-free or tax-deferred environment.

Yes, it is allowed, but you will need to check with your plan administrator or human resources department to determine if it is permissible within the structure of your employer’s retirement plan.

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