How do I do a rollover?

From non-WealthStep 401k to current WealthStep 401k: 1) Contact your new/current employer to determine the appropriate check payee and address, or appropriate electronic transfer information.  2) Contact your prior plan recordkeeper to request a distribution from your prior plan* (may be online, by phone or forms, depending on plan).  Have the check be made payable to the rollover account but mailed to your home address.  3) Upon receipt of the check, mail it to the rollover account (send it to the address referenced in #1 above) with any other required paperwork.

From non-WealthStep 401k to WealthStep Direct IRA: Contact the recordkeeper/plan provider and request a distribution/rollover to an IRA.  Have the check made payable to Charles Schwab& Co. Account #___ [i.e. your IRA account number, once established/provided to you by WealthStep] and have the check mailed to your home address.  Upon receipt of the check*, retain any tax-related documentation enclosed with the check, and forward the check to WealthStep.

From non-WealthStep Direct IRA to WealthStep 401k: If your employer allows rollovers into your plan, contact your plan recordkeeper for instructions (see recordkeeper link via the “WealthStep 401k” button on the Advice Center page.

From non-WealthStep IRA to WealthStep Direct IRA: Complete a Schwab “Transfer of Account” form and provide it to WealthStep along with a copy of the most recent brokerage statement of the account to be transferred.

From WealthStep 401k to WealthStep Direct IRA: This is generally not advisable, given that your 401k plan may have economies of scale that provide special diversification or cost reductions that may not be possible to the same extent in WealthStep Direct IRA’s.

*Whatever you do, remember that it is critical to rollover directly from one retirement plan or IRA account to the other. Do not first transfer or deposit your retirement plan or IRA assets to a checking, savings or other personal taxable non-retirement account, because it will trigger taxes and penalties (penalty does not apply if you are over age 59.5, per IRS rules, or if other IRS exceptions apply).