IRAs can be tricky, but we want to simplify them for you. Did you know that you have the option to move your money between IRAs with either a transfer or a rollover? With both transactions, you are moving money between two different IRAs and they can be at different financial institutions.
When asking to conduct a transfer, you would instruct your financial organization to move the money DIRECTLY to another IRA at a different financial organization. In this instance, money never passes through your hands, and you can transfer all or just a portion of your funds as many times as you want.If you are trying to complete a rollover, your financial institution distributes the amount of money you choose from your IRA to you.
Whatever option you decide, we want our members to feel confident in their financial decisions. If you would like to transfer your current IRA to Interior FCU please visit our website or give us a call at 800.914.8619 and we will be more than happy to assist you with the proccess.