How do I rollover a 401(k) to Firstrade?

Step 1: Open a Firstrade IRA

If you don't already have a Rollover IRA, you'll need to open one in order to move money from your former employer's plan into your new account. If you have both pre-tax and post-tax contributions in your 401(k), you may also need to open a Roth IRA.

Which IRA should you consider for your rollover?

For a pre-tax plan: Open a Traditional or Rollover IRA account
For a post-tax plan: Open a Roth IRA account

Step 2: Fund Your Account

Contact your plan provider to initiate the process. You may request the transfer of your 401K account funds using the following methods.

By Check/Direct Rollover:

Request to have a check issued and made payable to: "Firstrade Securities, Inc., FBO [YOUR NAME], [YOUR FIRSTRADE ACCOUNT NUMBER]"

Mailing Address:

Firstrade Securities Inc.

30-50 Whitestone Expwy, Ste A301

Flushing, NY 11354

Depending on your previous employer-sponsored retirement plan’s administrator, your funds can take anywhere from 5 to 20 business days to be deposited into your Firstrade IRA account.

By Wire/Direct Rollover:

Request to have the funds wired into your Firstrade account.
Complete the IRA Deposit Slip/Adjustment Form and upload it online.

By Indirect Rollover:

Request that the plan provider send you a check made payable to you.
After the check is cleared in your bank account, you can fund your IRA account with your personal check. Have a check made out to "Firstrade Securities, Inc” and add your name and account number on the memo line.
Mail the check to Firstrade along with the 401(k) administrator letter/plan statement.

Please note that the check amount should match the distribution amount from the plan administrator letter.
You have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA.
The IRS only allows this distribution rollover to occur once in a 12-month period across all IRAs you own.