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How Long Does it Usually Take to Fund a Self-Directed IRA?

At PENSCO, we do everything we can to make the account funding process as fast and efficient as possible. Keep in mind that the time it takes to complete new account funding can vary based on several factors, including:

  • Funding method
  • Source of existing funds
  • Policies of your current custodian or administrator
  • Types of assets currently in your account

Upon PENSCO’s receipt of your funding request, you can use the following chart to estimate how long it will take to fund your account. Timelines are also dependent upon your current custodian or administrator.

Method Allowable Accounts Processing Time Considerations
Cash transfer

From like IRA to like IRA (e.g., traditional IRA to PENSCO traditional IRA)

3-4 business days

Check with your current IRA administrator for processing time

Cash Rollover

From a qualified plan like a 401(k) or profit sharing plan to PENSCO IRA

5-10 business days depending on your current plan administrator

Check with your current plan administrator for processing time  

60-day cash rollover

From IRA or eligible non-IRA plan to PENSCO IRA

3-4 business days

You can perform this type of rollover once per 12-month rolling period but there are exceptions, you should consult with your tax advisor

In-kind transfer

From like IRA to like IRA (e.g., traditional IRA to PENSCO traditional IRA)

Traded assets:
10-15  business days
Non-traded:
15-30 business days

Check with PENSCO to see if your assets can be accepted and the transfer process is more complex

In-kind direct rollover

From eligible non-IRA plan to PENSCO IRA

10-30+ business days

Check with your current plan administrator for details on processing time