Hello,
DW had SIMPLE IRA and Northwestern Mutual with previous employer. We want to rollover that to her Rollover IRA that she just set up at Vanguard. I called the the firm that represent NM to try to start the process and I got the runaround, but now they're saying that Vanguard should initiate this transfer via ACAT to pull the account.
I have no idea what this is and how to do this from Vanguard. All my previous rollover (401K, 457B) were done by asking the previous custodian to sent check to a specific Vanguard account. Is this ACAT transfer different than a rollover?
Could someone help explain this to me and give me some guidance? Thanks!
DW had SIMPLE IRA and Northwestern Mutual with previous employer. We want to rollover that to her Rollover IRA that she just set up at Vanguard. I called the the firm that represent NM to try to start the process and I got the runaround, but now they're saying that Vanguard should initiate this transfer via ACAT to pull the account.
I have no idea what this is and how to do this from Vanguard. All my previous rollover (401K, 457B) were done by asking the previous custodian to sent check to a specific Vanguard account. Is this ACAT transfer different than a rollover?
Could someone help explain this to me and give me some guidance? Thanks!
Statistics: Posted by armeliusc — Sat Jul 27, 2024 3:18 pm — Replies 5 — Views 361