If you’d like to learn more about how you can hold Bitcoin in your retirement portfolio, book a call with one of our Swan IRA specialists today.
A Rollover is a movement of funds from an Employer-Sponsored Retirement Plan (401(k), Roth 401(k), 403(b), 457(b), TSP etc.) to an Individual Retirement Account or "IRA". There may be restrictions when an Employer-Sponsored Plan can be rolled over. It may vary depending on the plan, but generally, one must reach the age of 59 1/2 or no longer be employed by one's previous employer. Please speak with a plan administrator about how to proceed.
You can find the Rollover instructions in your Swan Dashboard by clicking the Rollover link at the top of your IRA account page.
Your current financial institution will most likely cut a check using the instructions we provide, and will either send the check to you to forward to our Qualified Custodian, or they will send the check directly to our Qualified Custodian. An institution will rarely send a wire for a Qualified Plan Rollover, but it doesn't hurt to ask them!
Please contact your current financial institution to initiate the Rollover to your Swan IRA. Some of the most common institutions and their contact information can be found below:
Custodian Name
Fidelity - (800) 835-5097
Vanguard - (800) 523-1188
Charles Schwab - (800) 724-7526
ADP - (800) 695-7526
Nationwide Retirement Services - (877) 677-3678
Principal - (800) 547-7754
Empower Retirement - (855) 756-4738
Transamerica - (800) 755-5801
John Hancock - (800) 294-3575
Voya Financial - (800) 584-6001
Prudential Financial - (877) 778-2100
Thrift Savings Plan (TSP) - (877) 968-3778
TIAA Financial Services - (800) 842-2252
Paychex Flex - (800) 741-6277
Paychex Oasis - (800) 822-8704
Merrill Lynch - (888) 637-3343
TD Ameritrade - (800) 454-9272
T. Rowe Price - (800) 922-9945
Wells Fargo - (877) 493-4727
Mass Mutual - (800) 775-4331
Does my "Rollover IRA" at my current financial institution qualify for a Rollover?
Ironically, a "Rollover IRA" at another financial institution does not qualify as a Rollover. Because it's already an IRA and has therefore already been "rolled over," a Rollover IRA qualifies for an IRA Transfer. How do transfers into Swan IRA work?
How long will my Rollover take?
The Rollover process can take up to 3-4 weeks. It is recommended to reach out to your previous plan administrator as soon as possible to initiate the Rollover. Please note that checks sent by your previous custodian via regular mail may take 5-15 business days to arrive and be processed.
What is a 60-day Rollover?
A 60-day Rollover is when a distribution is paid directly to you from your Employer-Sponsored Retirement Plan. You are required to move those funds into an IRA within 60 days, or you may receive a tax* penalty. You can request an extension or even waive your 60-day Rollover.
For more information, please refer to the IRS website.
How to find the rollover details from your Swan Dashboard:
If you have any additional questions, please contact ira@swanbitcoin.com and we'll be happy to help.