Transfer an IRA

May 2008

1. First, decide whether you want to transfer your existing investments to your new account or liquidate them and transfer cash.

2. If you want to transfer stocks or mutual funds, verify that your new IRA provider can accept the transfer. T. Rowe Price, for example, will accept a transfer of shares of its own funds held by another custodian, but requires that all other investments be liquidated first.

3. Download, fill out and mail (or e-mail) the appropriate forms from the new custodian to ensure that the funds are transferred directly from one custodian to another.

NEXT: Set Up a Roth IRA

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