How do I fund my Unchained IRA with an Employer Plan Rollover: 401(k), 403(b), TSP and others

Initiate a rollover within your Unchained account and provide your information to Capitalize.

You can typically only roll over employer plan assets if the plan is from a former employer. Contact your plan administrator if you have questions about rollover eligibility or if they support in-service rollovers.

What you’ll need:

• An Unchained IRA
  • Creating a vault is not required. You can upload keys and build a vault at your convenience.
• The information for your employer plan, particularly the sign-in information for the online account management portal with your plan administrator.

To initiate an employer plan rollover:

1. Select the IRA account you want to fund, navigate to the IRA Cash balance tab at the top navigation bar, and click Fund.
   
2. On the next screen, select Employer plan rollover and press Continue.
3. Select USD, press Continue. You’ll be directed to our rollover partner, Capitalize, to finish the rollover.
4. Follow the prompts with Capitalize. Capitalize will find your existing employer plan retirement account, help prepare the required paperwork, and coordinate directly with your plan administrator. Their team is also available to answer questions and guide you through each step of the rollover process.
5. If you are attempting to fund a Roth IRA at Unchained, you will be asked if you want to convert any traditional, pre-tax funds to Roth tax status.
   • If you select Yes, convert to roth, Capitalize will advise on additional steps. Visit our article on employer plan Roth conversions to learn more.
   • If you select No, you may continue with your rollover.
6. After your employer plan administrator processes the rollover, they will issue a check for the funds sent directly to you. Separately, Capitalize will mail you a prepaid, trackable envelope addressed to Fortis Bank, along with clear instructions for sending in the check. Place the rollover check in the envelope, seal it, and drop it in the mail — no need to worry about postage or addressing. You’ll also be able to track the envelope to monitor its delivery, and Capitalize will keep you updated along the way.
7. Once Fortis receives the check, there may be a settlement period of up to 5 business days for the funds to clear. After the funds have been reconciled to your Unchained IRA, you can use them to buy bitcoin.

Fortis Bank contact and mailing information:

No contents of this article may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.