u/BosesMalosesMalone

Question about changing accounts

Newbie here. I started a Roth IRA this year with a SOFi that was recommended online. It has a 1% contribution match.

I’ve received an offer from Ally to start a Roth IRA with them with a 3.5% contribution match.

Can I open an account with Ally and move the funds from my SOFi IRA and then close the SOFi account? Will there be a penalty or tax implications?

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u/BosesMalosesMalone — 5 days ago