Direct IRA Rollover
Instructions
A Direct Rollover is a tax-free distribution of your cash or other assets from one retirement plan to which you contribute, to another, such as an IRA. Your assets are transferred directly from your retirement plan into your IRA, avoiding the 20% mandatory IRS withholding you would have to pay if the assets went to you instead. There are no age limitations.
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Click
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Alternatively, click Menu in the top left corner > Transfer & Pay > Transfer Funds.
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If you have multiple accounts or account partitions, or if you have a master account and manage one or more client or sub accounts, the Account Selector will open. Select the account you want to use or find it with the search function in the Account Selector. Click Continue to submit your selection.
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From the tabs, select Make a Deposit.
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Select Direct Rollover Notification, enter the contribution information and select Get Instructions.
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Click Finish to submit your deposit notification.
Additional Resources
Learn About Position Transfers in the Portal at IBKR Campus
Visit the IBKR Client Portal Website