A rollover is the process of transferring funds from one retirement account to another, often from an employer-sponsored plan, such as a 401(k) to an Individual Retirement Account (IRA), either directly or indirectly.

Both direct and indirect rollovers can be accepted by Fundrise. Please see the two options below:

  • Direct Rollover: A direct rollover involves the seamless transfer of funds from your current plan provider to your new IRA custodian, in this case, Fundrise's IRA custodian, Inspira Financial. When opting for a direct rollover, the check is sent directly to our IRA custodian.
  • Indirect Rollover: An indirect rollover occurs when the check is sent directly to you, bearing your name, and is deposited into your personal bank account. From there, the funds can then be issued via a separate check to the intended IRA custodian (Inspira Financial for Fundrise). It is important to note that in an indirect rollover scenario, the funds must be redeposited into the qualified retirement account, such as an IRA, within 60 days to avoid potential taxes and penalties.

For more information please visit the official IRS website here.