Prior to rolling over assets from an employer-sponsored retirement plan into an IRA, it's important that customers understand their options and do a full comparison on the differences in the guarantees and protections offered by each respective type of account as well as the differences in liquidity/loans, types of investments, fees, and any potential penalties.
Step Two: Contact the Current Custodian
- Verify the account is eligible for transfer and find out if there are any applicable fees.
- Ask if you need to cash-out any assets before requesting a transfer.
- Ask if a signature guarantee is needed.
- Ask the current custodian for a correct address, a contact name, and phone number for follow-up questions and paperwork.
If you have any questions regarding your transfer to State Farm Mutual Funds, simply call 800-447-4930.
Investing involves risk, including potential for loss.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value