A:

Yes. You may want to compare the IRA products offered by different financial institutions. Once you determine the financial institution and IRA product you prefer, you may transfer your current IRA balance to a new IRA established at that financial institution. Be sure to ask your financial service representatives about their procedures for handling transfers of IRAs. Most financial institutions will have you complete their transfer application and will handle the transfer process on your behalf.

This question was answered by Denise Appleby
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