Follow these steps to initiate a rollover into your Unchained IRA.
Before you can fund your Unchained IRA, you must complete your IRA Onboarding and create an IRA vault on our platform. Once you complete those steps, you can initiate the funding process.
There are multiple ways to fund your Unchained IRA. The most common are:
- IRA-to-IRA transfer
- Employer Plan Rollover: 401(k), 403(b), TSP and others
- Annual contribution
Note: You can also fund your IRA from a few other types of retirement accounts. Contact our team to check if we can support your preferred funding method.
Employer Plan Rollover: 401(k), 403(b), TSP and others
You can typically only roll over employer plan assets if the plan is from a former employer. Contact your plan administrator if you have any questions about rollover eligibility or to see if they support in-service rollovers.
To initiate an employer plan rollover you’ll need to complete the IRA funding request form, which can be accessed within the Unchained platform. Sign in to your account and select the Fund button located on the bottom left of your screen or within your vault page by clicking Deposit.
On the next screen select Employer plan rollover and press Continue.
Once you complete and submit the form, an Unchained IRA associate will email the applicable funding form via DocuSign for you to sign.
Next, you’ll need to contact your employer plan administrator and inform them that you will be rolling over your plan into an IRA. Your administrator will cut you a check (payable to Fortis Bank) and mail it to you. Once you receive the check, you must mail it to Fortis Bank. You can find instructions on where to send the check within the funding form you completed via DocuSign.
There is a settlement period of ~5 business days for the check to clear after it arrives at Fortis. Once the check clears, we will perform the BTC trade the following business day.
Note: There is a $2,000 minimum for each transfer, rollover, or annual contribution.
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.