Rolling over your old 401(k) or 403(b) to Carbon Collective is a great way to get some of your retirement savings aligned with your values around solving climate change.
The process generally takes 10 – 20 minutes and we are here to help. Please email us if you run into any issues.
1. Contact the Institution holding your account
First, contact the institution that holds your account. See below for some of the most common institutions and their corresponding 1-800 number.
- Fidelity (1-800-343-3548)
Fidelity will not send a check directly. They will insist they send it to you and you forward it to them.
- Vanguard (1-800-523-1188)
- Charles Schwab (1-800-724-7526)
- E*Trade (1-800-387-2331)
- Edward Jones (1-800-441-2357)
- Merrill Lynch (1-800-228-4015)
- Scottrade (1-800-619-7283)
- TIAA-CREF (Get started online here)
Click “Set Up Rollover” next to the “Set up a rollover from your retirement investments – ERISA and Non-ERISA”
- TD Ameritrade (1-800-213-4583)
- USAA (1-800-531-8722)
2. Request a “Direct Rollover”
When you get on the phone, ask the agent for a “Direct Rollover” of your account.
3. Transfer the funds
They will ask you how you would like to transfer the funds. You have two options: through check or wire. Sending a check is generally free, but will take 2-4 weeks. A wire can happen the next business day, but there is sometimes a wire transfer fee (~$25).
Note that the funds must successfully transfer within 60 days in order to avoid an early withdrawal tax penalty.
See below for instructions for sending a check or wire:
Send a check
- Make the check payable to:
Altruist Financial LLC
- In the memo of the check have them write:
“Your Altruist account number (e.g.12345678) , your full name (e.g. Homer Simpson) – Rollover”
- Send the check to:
Altruist Financial LLC
300 S. Pearl Expressway Suite 250
Dallas, TX 75201
(or) Wire the funds
Have your institution wire the funds using the following information:
- ABA / Routing Number - 071000288
- Institution Name - BMO Harris
- Institution Address - 320 S. Canal Street Chicago, IL 60606
- Recipient Name - Altruist Financial LLC
- Recipient Address - 3030 S La Cienega Blvd Culver City, CA 90232
- Recipient Account # - 1654417
- For Further Credit To - Client Name and Full Account Number
(Your Altruist account number (e.g.12345678) , your full name – Rollover”)
4. Let Carbon Collective know you’ve initiated the transfer
Just reply to one of our emails. That way we can keep an eye out for it.