The first step in transferring an IRA to iTrustCapital is to open an account on their platform. This process involves providing personal information, including your Social Security number, and verifying your identity. iTrustCapital's platform is secure and compliant with regulatory standards, ensuring that your information is protected.
Once your account is set up, you will need to initiate the transfer request. This involves providing details about your existing IRA, including the custodian's name, account number, and the type of IRA you are transferring. iTrustCapital provides a transfer request form that simplifies this process.
After submitting the transfer request, iTrustCapital will coordinate with your current custodian to facilitate the transfer. This process can take a few days to a few weeks, depending on the responsiveness of your current custodian. During this time, it’s essential to stay in communication with both financial institutions to ensure a smooth transfer.
Once the funds have been transferred, you will receive a confirmation from iTrustCapital. At this point, you can allocate your funds into various investment options available on the platform, including cryptocurrencies and precious metals. The platform provides tools and resources to help you make informed investment decisions.