FAQ: Transfer from Forge to IRA Resources
Moving your IRA to IRA Resources is a smart choice. You can expect an upgrade in customer service and savings of 54% compared to Forge.
Following are answers to some of the common questions about IRA Resources and the transfer process.
Forge Trust Co. fees associated with the transfer out and account closure total $240.
Since you want to have at least $500 in the Solera checking account, it is best to have $750 or more in cash in your Forge IRA before transfer paperwork is submitted.
Keep in mind that Forge charges $110 at the beginning of each quarter. If you are starting the transfer process in the last month of the quarter, you probably want to have that extra $110 in the Forge IRA in case the process is not completed before the next billing cycle.
If your Forge IRA has past-due fees, you will need to bring the account current before starting the transfer process.