Absolutely! There are two ways to do this.
- 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.
- 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.