A Rollover is the process of moving your retirement account with a previous employer into an Individual Retirement Account (IRA). Rolling over to an IRA allows you to keep your account tax-deferred.
When you change jobs it’s easy to forget about your retirement account. Rolling over your 401(k) to ShareBuilder allows you to take charge and actively manage your retirement account. At ShareBuilder you have the ability to diversify your investments by investing in stocks, mutual funds and exchange-traded funds (ETFs).
Once we receive all your paperwork the process normally takes anywhere from 4 to 6 weeks. In some instances it may take longer.
A direct Rollover is the payment of your plan distribution directly to a traditional IRA or other eligible retirement plan of your choice. Your direct Rollover distribution check may be given to you or sent directly to ShareBuilder. In all instances, however, the direct Rollover check must be made payable to ShareBuilder Securities Corporation, FBO, followed by your name.
When you roll over your money directly from a 401(k) or another type of retirement plan into an IRA, there are typically no tax penalties.
There is no cost to roll over an IRA or 401(k) to ShareBuilder. Your current custodian may have costs for the transfer, so please check with them.
Several types of qualified plans are accepted into a Rollover IRA. They may be 401(k) plans, 457(b) plans designed for local and state government workers, 403(b) plans for public education organizations and some non-profit employees and Thrift Savings Plans (TSP) for United States government employees.
Contact a rollover specialist at ShareBuilder, 877-464-0292 or via email at
retirement@sharebuilder.com they can assist you with the process.
Yes, if the check is made out to ShareBuilder, FBO and your name. If the check is made out in your name, you may have to deposit this check into your checking account and write out a check to ShareBuilder Securities Corporation for the entire amount. You normally have 60 days to rollover the funds into an IRA to avoid any penalties and taxes.
