Movement of Funds: Transfers and Rollovers

Transfer Forms are filled out when cash/in kind assets are being transferred from one IRA to another IRA.  The Rollover/Direct Rollover Certification Form is filled out to verify a rollover of cash/in kind assets made from a 401(k)/Qualified Plan or depositing a rollover check from a distribution.

When to Use the Transfer Forms

Use when transferring cash/in-kind assets from one IRA to another IRA.

Traditional IRA —> Traditional IRA

Roth IRA —> Roth IRA

A Transfer is:
•Initiated by New Direction IRA (NDIRA)
•Client complete NDIRA Transfer Forms and returns them to NDIRA
•NDIRA processes and send to sending custodian
•Requires NO IRS reporting
•Funds sent directly from sending custodian to NDIRA

When to Use the Rollover/Direct Rollover Certification Form

Use to direct a rollover of cash/in-kind assets from: 401(k) OR other Qualified Plan OR IRA distribution.

401(k)/Qualified Plan —> IRA

A Rollover:
•Re-deposits retirement funds that have been distributed
•Initiated by the client (you)
•Client completes sending custodian’s Distribution Form or Withdrawal
Forms from qualified plan
•Funds may be sent to client OR directly to client’s account at NDIRA
•Sending custodian will file a 1099R for client, to report the distribution
•If funds are deposited in client’s IRA account at NDIRA within 60 days of distribution, there will be no IRS tax or penalty consequences.

Where to Send All Forms

Once you’ve completed and signed the correct movement of funds forms, please send documents to:

New Direction IRA, Inc.
1070 W Century Dr Ste. 101
Louisville, CO 80027

You may also upload your account forms into your account if you’re registered for online access.