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If you are moving funds from a Roth IRA, follow the instructions for either of the following:
Cash Rollover to PENSCO Trust's self-directed Roth
IRA:
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Typically faster than a transfer, with the potential to move funds to PENSCO Trust's self-directed Roth IRA in under a week.
- Can only use this method once per IRA per 12-month period.
- You play an active role by taking your IRA funds out and putting them back into a self-directed IRA within 60 days to avoid tax or penalty.
Transfer to PENSCO Trust's self-directed Roth
IRA
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Typically slower than a cash rollover, taking somewhere between 10 and 30 days (your current IRA administrator should be able to give you a closer idea of their processing time).
- You can use this method a limitless number of times.
- You play a passive role by authorizing the new self-directed IRA custodian to request the funds directly from your current IRA custodian.
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