Individual Retirement Accounts
Frequently Asked Questions
Contributions and distributions
Can I transfer my employer retirement plan to an IRA?
If the funds are coming from a qualified retirement plan (QRP) you are able to transfer them to a Traditional IRA by completing a Direct Rollover. Once you have verified through your employer that your current plan is a QRP, you may either establish a new Traditional IRA with the credit union or use your existing Traditional IRA and direct your employer to transfer your funds for you.
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