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Can I transfer my current SIMPLE IRA to WealthRabbit?

Last updated on Nov 14, 2024

Yes, you can transfer your SIMPLE IRA plan any time to WealthRabbit. You need the following information like DTC or participant number and a copy of your existing 5305 SIMPLE.

How it works:

  • Go to the “My Account” section in your WealthRabbit dashboard and select “Transfer.”

  • Enter the required information, such as your DTC or participant number, and upload a copy of your existing 5305-SIMPLE form.

  • Submit your transfer request. Once verified, your financial institution will send a confirmation request—make sure to confirm within 24 hours to complete the transfer.

After confirmation, your funds will be moved to WealthRabbit and invested according to your selected investment model.