Consolidating your accounts allows you more investment flexibility as well as a better picture of your retirement goals. Follow these simple steps to begin the process:
1. Confirm that your current retirement Plan accepts the type of retirement account you want to roll over. IRS Rollover Chat
2. Request a direct rollover distribution from the previous retirement plan. Make sure the check issued is made payable to the Custodian or Trustee for the benefit of (FBO) your name. This ensures that the funds are moving from one bank to the next, disqualifying it as a taxable event.
3. Contact your plan administrator and/or your service provider to request an incoming rollover form.