Close your Redwood Individual account
If you have decided to close your mutual fund account, you will simply need to sell any shares you own.
Once you've sold your shares your account value has reached $0, the account is considered liquidated and closed.
If after you’ve liquidated the account, you’d also like us to disable the account, please email support@aspiration.com to request deactivation. After deactivation, you can simply email us again if you’d ever like to request reactivation.
Close your Redwood IRA
There are 2 options for closing a Redwood IRA
- Sell any shares you own. Once the value is $0 the account is considered liquidated and closed. If you change your mind and choose to come back at a later date, you will be able to purchase shares once again.You have 60 calendar days to deposit 100% of the value sold into another IRA before incurring any early withdrawal penalties imposed by the IRS.
- OR, Rollover your account value to an external IRA
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- Indirect Rollover: Sell any shares you own. You have 60 calendar days to deposit 100% of the value sold into another IRA before incurring any early withdrawal penalties imposed by the IRS. There is a limit of one indirect rollover per rolling 12 months for IRAs, so please keep this in mind.
- Direct Rollover: The custodian of your alternate retirement account can initiate the process by faxing paperwork to (919) 882-9281 or mailing it to:
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Aspiration Funds
c/o Nottingham Shareholder Services
116 S Franklin Street
Rocky Mount, NC 27804
- There must be a Medallion Signature Guarantee included on the transfer paperwork in order for the funds to be sent directly to the custodian.
If after you’ve liquidated your IRA account, you’d also like us to disable the account, please email support@aspiration.com to request deactivation. After deactivation, you can simply email us again if you’d ever like to request reactivation.
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