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If your funds are currently in a non-IRA qualified plan, you will need to perform a ‘direct rollover’ of those funds. Click to find the easy action steps.
Direct Rollover of non-IRA plan
to self-directed IRA:
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Complete PENSCO Trust's self-directed IRA application and then work with current plan administrator to move funds into our self-directed IRA.
- A direct rollover from a pension account to an IRA is not a taxable event:
- You may typically roll over a plan to a self-directed IRA any time you:
- a) terminate employment with plan-sponsoring employer;
- b) the employer terminates the plan; or
- c) if you’ve reached retirement age, are still working, and/or your employer allows for an ‘in-service distribution’.
- d) become disabled.
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