If you already have an IRA at another institution, you can:
• Rollover the IRA into a TradeUP Rollover IRA. Rollovers are reportable events, but non-taxable.
• Transfer your existing IRA assets into a TradeUP IRA of the same type (trustee-to-trustee transfer). Transfers are non-reportable events.
We recommend contacting your current IRA provider for their transfer-out procedures. Then, you can initiate a transfer form on TradeUP to seamlessly move your assets.
The IRS Rollover Chart displays what type of IRAs are eligible to rollover or for transfers.
Disclosure: This is not intended as investment or tax advice.
Still got questions? Contact TradeUP Customer Support by email at support@tradeup.com or reach out to us on Live Chat!