- 1). Look at each year-end statement to determine what custodian you want to move all money into. The choice may hinge on annual fees, investment performance or variety of investment options.
- 2). Meet with the IRA custodian that you want all IRA funds to transfer into. Keep in mind that if you are dissatisfied with all custodians, you can find a new custodian through a bank, brokerage firm or insurance company.
- 3). Obtain one transfer form for each IRA that is coming into the existing IRA account at that firm.
- 4). Fill out each form with your name, address, Social Security number and date of birth. Complete each form using the account information from each year-end statement, including the account number, the custodian's name and address.
- 5). Sign and submit the forms to the representative assisting you. Give the representative a copy of each year-end statement (or let them make copies for you) to submit with each transfer form, confirming the transferring account. It takes three to six weeks to complete transfers.
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