Transfer to self-directed ROTH IRA

Complete self-directed IRA Application

Complete self-directed IRA Cash Transfer Request form

Complete self-directed IRA Cash Transfer Request form, providing PENSCO Trust with all the pertinent information about the account from which you would like to transfer funds.

1. When completing the IRA Cash Transfer Request form, if you are not transferring the entire account balance, make sure to request a transfer of at least $500-$1000 over the projected amount of your initial investment in order to satisfy our minimum cash balance requirement. Additionally, you may want to leave extra cash un-invested in your account to cover your maintenance fee.
2. Make sure to indicate on the IRA Cash Transfer Request form that you are liquidating and transferring the funds as cash

Mail the following to your new self-directed IRA Custodian:

1. IRA Application form (original)
2. IRA Cash Transfer Request form (original)
3. A Recent Statement (a copy is allowable) from the account from which you are transferring funds

Contact your IRA custodian

Contact your current IRA custodian (the one from which you are transferring), and request that they liquidate the amount to be transferred so that it is ready upon receipt of our IRA Cash Transfer Request form.

Follow-up

Make at least one follow-up call to your current transferring custodian once they have received PENSCO Trust's Transfer Request Form. (You must send the IRA Cash Transfer Request form to us; we then send it to the relinquishing custodian on your behalf.) Calling to confirm that they have received and are processing your request helps avoid any miscommunication or delay. It will also give you a better sense of what sort of turnaround time to expect.