{ "media_type": "text", "post_content": "Has anyone ever done a direct transfer of money in one existing Roth IRA to a new Roth IRA custodian? I set up a Roth IRA in Ellevest but want to move to Fidelity. There’s only $200 in there but I’m worried about the tax or other difficulties / implications people might have encountered. Thank you so much in advance.", "post_id": "5feb6c6084fabe00226fbd4b", "reply_count": 2, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

Has anyone ever done a direct transfer of money in one existing Roth IRA to a new Roth IRA custodian? I set up a Roth IRA in Ellevest but want to move to Fidelity. There’s only $200 in there but I’m worried about the tax or other difficulties / implications people might have encountered. Thank you so much in advance.

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Never moved a Roth IRA but helped my parents move traditional Ira and brokerage account to fidelity. It was very easy. Just call fidelity and they will let you know what you need to do. There should be no tax issues.

How was your experience with Ellevest?

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