Rollover Your IRA

Elevations Credit Union Makes Rollovers Easy

3 Easy Steps to Rollover your 401(k)

If you have a 401(k) from a previous employer or are retiring, there is generally a deadline to rollover the funds in order to keep its tax-deferred status. Use the following steps to do a direct rollover:

  1. Open a Traditional IRA at Elevations Credit Union, and specify that the account will receive direct rollover funds from your 401(k).
  2. Elevations will initiate the request for funds from your 401(k) plan administrator. The direct rollover check will be made payable to Elevations Credit Union for the benefit of [your name].
  3. Check with your 401(k) plan administrator to see if there are any additional forms required.


3 Easy Steps to Transfer your IRA from another Financial Institution

  1. Open an IRA at Elevations Credit Union of the same type (Traditional or Roth) as the IRA you want to directly transfer, and specify that you are moving funds from another IRA.
  2. Elevations will initiate the request for funds from the financial institution which holds your existing IRA. The disbursement check will be made payable to Elevations Credit Union for the benefit of [your name].
  3. Check with the originating financial institution to see if there are any additional forms required to close your existing IRA.