Can I rollover an existing 401k plan?


Absolutely! There are two ways to do this.

  1. First open an Aspiration IRA account, investing your assets into the Redwood Fund with an initial $1 contribution, just to open the account. Once you have opened an Aspiration IRA, please contact your 401k plan administrator, and ask them to initiate a transfer into your new Aspiration IRA. Also consider that options other than a 401(k) rollover are available and, for some investors, it may be beneficial to remain in the existing 401(k) plan.
  2. You could alternatively liquidate your current holdings into a checking or savings account, and use that money to open the IRA with us - you would have 60 days within which to make the transfer before incurring any early withdrawal penalties.

Please research your personal tax situation or consult with a tax advisor before making a rollover transactions. Aspiration does not provide tax advice.

Distributor disclosure

Aspiration Fund Adviser, LLC is the adviser to the Aspiration Redwood Fund, which is distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, North Carolina 27609, (800) 773-3863. There is no affiliation between Aspiration Fund Adviser, LLC, including its principals, and Capital Investment Group, Inc. Serial Number: RCASP0321001