A transfer of assets is the movement of retirement assets between similar account types (e.g. IRA to IRA account) with the same owner unless the transfer is due to death or divorce. There are no limits on the number of transfers you can do between retirement accounts. A transfer of assets is not a tax-reportable event because the assets are transferred directly between institutions without the owner taking receipt.
Is a Transfer of Assets right for you?
A transfer of assets is an appropriate method for moving retirement assets if you:
- Own more than one IRA
- Are moving an IRA more than once in a 12-month period
- Prefer not to report the movement of assets on your tax return
Tax Features and Investments
What are the tax features of a transfer of assets?
One of the main advantages of a transfer of assets is that it is not tax reportable.
What is the investment minimum?
Generally, the investment minimum for a transfer into a new fund is $1,000 or $100 with an automatic investment of $50 per month. If the transfer of assets amount is being deposited into an existing IRA, then the subsequent purchase minimum is $100 unless establishing an automatic investment.
What are the fees for a transfer of assets?
Janus Henderson does not charge a fee for inbound or outbound transfers of assets. Ask the company that currently holds your IRA if it charges a fee.
How does an IRA owner request a transfer of assets?
Use an IRA Transfer Form to transfer retirement assets to Janus Henderson. Once you submit that form to Janus Henderson, we will send it to the company that currently holds your IRA. Once that company’s requirements are met, they will move the assets to Janus Henderson.
A transfer of assets can take up to six weeks. Luckily, some larger financial institutions can perform this process electronically, thus making the process quicker.
To transfer an IRA from Janus Henderson to another company, contact the receiving company first. Janus Henderson requires a completed and signed transfer of assets form from the receiving company. A signature guarantee is not required.
What other information would be helpful?
In most cases it is not possible to transfer between unlike retirement plans. For example, moving an old 401k to an IRA is considered a direct rollover and not a transfer of assets.
Transfer my IRA to Janus Henderson
You've decided you want to transfer your IRA assets from another company to a Janus Henderson account.
If you already own an existing IRA for your transfer all you have to do is download the IRA Transfer Form and send it to Janus Henderson or visit the IRA Center to initiate the transfer. We will take care of the rest.
If you need to open a new IRA account at Janus Henderson, please download and complete the IRA application or open an account online today.
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Contact a Janus Henderson Representative
Our Janus Henderson Representatives will answer your questions and assist you through the movement of assets process. We are available at 800.525.1093 weekdays 9 a.m. to 6 p.m. EST.