Why do I need to sell my investments at my current IRA provider?

If you want to transfer your IRA to Betterment, you will need to sell your investments. Before we can invest your retirement funds in our fully diversified portfolio, you will need to sell your current holdings at your current IRA provider. Many providers will not accept our liquidation instructions so this will help facilitate this process.

Selling your investments at your current provider is often quicker and lower cost than Betterment authorizing this on your behalf. Please note, selling your investments will not result in a taxable event.