How to Transfer a Traditional IRA from Fidelity to Chase You Invest

Sometimes, your financial goals evolve—and so should the platform where you manage your retirement savings. Maybe you’re exploring new tools, looking for more investment flexibility, or just want everything under one financial roof.

Transferring your traditional IRA from Fidelity to Chase You Invest can simplify your retirement planning and potentially provide access to new investment options. This guide walks you through the precise steps to move your retirement funds smoothly and avoid unnecessary tax complications.

At Carry, we want to make financial decisions feel more manageable, even if you’re handling them outside our platform. Please note that while we try to provide the most up-to-date information, these processes are subject to change without notice, so be sure to check with your provider before moving forward. 

Step 1: Understand Your Transfer Requirements

Moving your traditional IRA from Fidelity to Chase You Invest requires careful preparation. When done correctly as a direct custodian-to-custodian transfer, it lets you move your retirement funds without triggering taxes or penalties.

Step 2: Gather the Right Documents

Before you begin, make sure you have everything ready to go. Being prepared upfront can save you time and prevent delays. You’ll need:

✅ Your current Fidelity traditional IRA account number

✅ Government-issued photo ID

✅ Most recent IRA statement from Fidelity

✅ Chase You Invest account information

✅ Social Security Number

📝 Pro Tip: Double-check that your personal info matches on both accounts. Even small inconsistencies can hold things up.

Step 3: Open Your Chase You Invest Account

You cannot transfer funds to a non-existent account. Open a traditional IRA with Chase You Invest before requesting the transfer. Make sure the account type matches your existing one at Fidelity.

✏️ Hypothetical Example: Sarah needed to complete her Chase You Invest account setup before moving forward—and doing so saved her from avoidable delays.

Step 4: Start the Transfer Request

Once your Chase You Invest account is active, reach out to their team to initiate the transfer. You’ll typically complete an online form or transfer document providing details about your Fidelity account.

Information you’ll need to submit:

Step 5: Choose Your Transfer Method

You have two ways to move your IRA:

✅ Direct Transfer (recommended) – Chase You Invest communicates directly with Fidelity

❌ Indirect Rollover – Less preferred, as it requires you to manually move funds within 60 days

📝 Important: A direct transfer minimizes potential tax complications and administrative challenges.

Step 6: Be Aware of Possible Fees

While Fidelity doesn’t typically charge for outgoing transfers, and Chase You Invest doesn’t charge incoming fees, some asset-related costs may apply.

What to confirm:

❌ Possible transaction fees if assets need to be sold (like certain mutual funds)

✏️ Real Example: Mark discovered his small-cap stocks trading under $1 would need to be sold and transferred as cash, which caused a slight delay in his transfer timeline.

Step 7: Keep Taxes in Check

Traditional IRA transfers between similar account types are usually tax-neutral. However, consider these potential tax implications:

📝 Tip: If your situation’s a bit more complex, it’s worth checking in with a tax professional.

Step 8: Confirm and Monitor the Transfer

Once submitted, most transfers take 5–10 business days to complete. Here’s how to stay on top of it:

✅ Confirm that the transfer was submitted

✅ Track the transfer progress through Chase or Fidelity portals

✅ Verify that the full balance or assets arrive as expected

✅ Compare final balances with your last Fidelity statement

Final Thoughts on Transferring Your Traditional IRA

Transferring a traditional IRA from Fidelity to Chase You Invest is a strategic process that requires careful planning and attention to detail. The key takeaways are straightforward: preparation is crucial, documentation matters, and a direct transfer minimizes potential tax complications. Remember that while the process seems complex, following step-by-step instructions can make your transfer smooth and hassle-free.

Your next immediate actions should include:

✅ Open and verify your Chase You Invest Traditional IRA

✅ Gather all necessary documents

✅ Initiate the transfer and follow up if needed

✅ Review the outcome and save all transfer confirmations

📌 Want to dive deeper? Here are some other helpful resources:

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Disclaimer:

The Carry Learning Center is operated by The Vibes Company Inc. (“Vibes”) and contains generalized educational content about personal finance topics. While Vibes provides educational content and technology services, all investment advisory services discussed on this website are provided exclusively through its wholly-owned subsidiary, Carry Advisors LLC (“Carry Advisors”), an SEC registered investment adviser. The information contained on the Carry Learning Center should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment, accounting, tax or legal strategy. Vibes is not providing tax, legal, accounting, or investment advice. You should consult with qualified tax, legal, accounting, and investment professionals regarding your specific situation.

The accounts, strategies and/or investments discussed in this material may not be suitable for all investors. All investments involve the risk of loss, and past performance does not guarantee future results. Investment growth or profit is never a guarantee. All statements and opinions included on the Carry Learning Center are intended to be current as of the date of publication but are subject to change without notice.

To access investment advisory services through Carry Advisors, you must be a client of Vibes on an eligible membership plan. For more information about Carry Advisors’ investment advisory services, please see our Form [ADV Part 2A] (https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=916200) brochure and [Form CRS] (https://reports.adviserinfo.sec.gov/crs/crs_323620.pdf) or through the SEC’s website at [www.adviserinfo.sec.gov] (http://www.adviserinfo.sec.gov/).