Rollover Initiation Form

A Rollover Initiation Form is a document used to start the process of transferring money from one retirement account, like a 401(k), to another retirement plan, such as an IRA. It provides necessary details about the accounts involved, ensuring the transfer is handled correctly and securely. The form helps prevent taxes or penalties by confirming that the rollover is done properly. It’s an important step for individuals looking to change their retirement savings providers or consolidate their retirement funds.