Moving Your IRA Money

Direct transfers and rollovers let you add funds or switch sponsors.

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(Image credit: Getty Images)

Moving your IRA balance to a different institution/custodian or transmitting your retirement assets to an IRA from a different type of account, like a 401(k) or 403(b) is a easy and that option is built right into an IRA — thanks to the direct transfer and rollover options. 

This is not applicable to converting a traditional IRA to a Roth IRA. You can't move money between the two varieties of accounts without triggering a tax bill on the amount converted. 

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