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I Need To Change My IRA Company, Where Do I Begin?

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Ideally, the company that is your first choice for your IRA will manage all of it. Over time, you’ll become a little like friends, with you learning to trust them. and the company appreciating you as a client and looking out for your best interests.
That’s not always the case.
Sometimes, for one reason or another, we need to switch IRA companies. This could be due to simpler things, such as moving to another state, or due to deeper problems between you and your provider. Regardless, you need a new company and don’t know where to start. In that case, we’re here to help.
First: You can’t just take your money and go
IRAs are structured in a particular way. The money you put in your IRA generally isn’t taxed as earnings, instead of being tax-free until you withdraw it.
If you withdraw your money and investments from your IRA, the IRS will receive a report on that – and you’ll be taxed. Even if you immediately put it into another IRA. As such, the first thing you have to do is not to foll…