How can I initiate a direct rollover from my current retirement plan to a traditional IRA or another eligible retirement plan?
As a first step, it is up to you to select the traditional IRA or other eligible retirement plan to which your direct rollover will be paid. You should then check with the sponsor of your chosen traditional IRA or plan to find out how the direct rollover payment should be made, and what special forms must be completed. Also, if you intend to have your direct rollover paid to another eligible retirement plan, you should confirm that the plan does, in fact, accept direct rollovers. It is important, too, that you ask your benefits office for copies of its direct rollover procedures and forms.
