Am I allowed to rollover an IRA into a different company IRA?

Question

I am going to change my dad's account with a small town bank and Kemper to a different mutual fund company (like Vanguard). Can I rollover an IRA to a rollover IRA, or is that only with 401ks?
Thanks!

Answer 1

Yes, you can. Contact Vanguard (or who ever you want to go with). They will ask you to complete "transfer" forms and then they will take care of the rest. It is relatively straight forward and a common process. You don't even have to contact your current account holder. Make sure that during the process you don't get a check in your name ... otherwise, you may owe taxes.

Check this out. https://flagship5.vanguard.com/VGApp/hnw/content/AccountServ/Retirement/ATSTransIRAtoVGIContent.jsp

Answer 2

First, you want to have a minimum of five months properly worth of inexpensive expenses as an emergency fund. do no longer contact making an investment until eventually you've this. You not in any respect comprehend once you are able to lose a job, have medical no longer coated by ability of coverage, or have major automobile upkeep. First issues first, ok? do not hassle about pastime, the authentic area is to have that fund. Plus think about to make investments that funds interior the ROTH. The inventory market ought to quite tank and also you need to quite lose funds. some experts state to have 9 months properly worth of emergency residing expenses positioned away if you're the only bread winner in a kin. This should be liquid in a chit expenses or a cd that you'll be able to destroy. no longer invested in something.

Answer 3

shouldnt be a problem I saw it on CNBC talking about rollover after a change of job maybe a search on their site will help on the particulars

Answer 4

yes, make sure you do a direct transfer