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Print IRA DIRECT ROLLOVER REQUEST The term IRA will be used below to mean Traditional IRA and Roth IRA, unless otherwise specified. This form is to be used to request a direct movement of assets from

How to fill out direct rollover request

How to Fill Out Direct Rollover Request:

1. Obtain the necessary form: The first step is to obtain the direct rollover request form from your retirement plan provider or financial institution. This form may also be available on their website or through a customer service representative.
2. Personal information: Fill in your personal information accurately on the form. This usually includes your full name, address, Social Security number, and contact information. You may need to provide additional information such as your date of birth and plan account number.
3. Specify the rollover destination: Indicate the specific institution or financial account where you want the funds to be transferred to. This could be an individual retirement account (IRA), a new employer's retirement plan, or another eligible retirement account. Make sure to provide the full account name and account number for the destination institution.
4. Investment instructions: If you have specific investment instructions for the rollover funds, such as how they should be allocated among different asset classes or investment options, include this information on the form. If not, leave this section blank or indicate that you would like the default investment options chosen by the destination institution.
5. Signature and date: Sign and date the form at the designated place. This signature certifies that the information provided is accurate and that you understand the implications of the rollover.

Who Needs Direct Rollover Request:

1. Individuals changing jobs: When changing jobs, you may have the option to transfer the funds from your previous employer's retirement plan to a new employer's plan or an IRA. In this case, you would need a direct rollover request form to facilitate the transfer.
2. Those retiring or leaving the workforce: If you are retiring or leaving the workforce, you may also need to complete a direct rollover request form to move your retirement savings from your employer's plan to an IRA or another retirement account.
3. Those consolidating retirement accounts: If you have multiple retirement accounts scattered across different providers, you might decide to consolidate them into a single account for easier management. In such cases, a direct rollover request would be necessary to transfer the funds from the existing accounts to the chosen consolidated account.
4. Individuals seeking greater investment options or control: Some individuals prefer to have more investment options or greater control over their retirement savings. By using a direct rollover request, you can move your funds to an IRA or another eligible retirement account where you have more flexibility in choosing investments.
5. Those reaching the required minimum distribution age: Once you reach a certain age, typically 72, the IRS requires you to start taking minimum distributions from your retirement accounts. If you wish to satisfy this requirement by rolling over the distribution amount to another retirement account, you would need to complete a direct rollover request.

For pdfFiller’s FAQs

What is direct rollover request?

Direct rollover request is a process of transferring funds from one retirement account to another without the funds being taxed.

Who is required to file direct rollover request?

Individuals who want to move their retirement funds from one account to another are required to file a direct rollover request.

How to fill out direct rollover request?

To fill out a direct rollover request, individuals need to contact their current retirement account provider and request the necessary paperwork to initiate the transfer.

What is the purpose of direct rollover request?

The purpose of a direct rollover request is to preserve the tax-deferred status of retirement funds when transferring them between accounts.

What information must be reported on direct rollover request?

The direct rollover request must include details such as the account holder's name, account number, the amount to be transferred, and the receiving account information.

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