Luckily, direct rollovers are not considered taxable events.* Swell does not charge you any fees to rollover your retirement plan, but this may not be the case with your plan provider.
Not to worry -- we’ll reimburse any transfer fees that your plan provider charges you when rolling over your retirement plan to Swell. Simply send us a statement displaying the fee and we’ll reimburse your Swell account ASAP.
*If you roll your 401(k) into a Roth IRA, you’ll owe taxes on the rolled amount. If you want to rollover your funds without incurring taxes, stick with a traditional IRA.