Is a statement needed?

We prefer to have a statement on file from your existing custodian in order to ensure funds are rolled over to the proper account type. Statements should contain your full name, account type, and current custodian. This is important to ensure that you don’t have any issues with tax reporting at the end of the year. We can process your rollover without a statement; however, if the funds are not rolled over properly, it can cause issues when you file your taxes.