Open a traditional IRA or Roth IRA, depending on the type of 401(k) funds and your tax goals
Contact the 401(k) plan administrator and request a rollover or distribution form
Choose a direct rollover to move funds directly from the 401(k) to the IRA
Provide the IRA account information to the 401(k) provider
Confirm whether the transfer will be sent by check, wire, or electronic transfer
Make the check payable to the IRA custodian, not to you personally, if a check is issued
Deposit the funds into the IRA as soon as possible if the check is made payable to you
Complete the rollover within 60 days if you receive the money personally
Withhold taxes if required and replace the withheld amount to avoid taxes and penalties on the full rollover
Verify whether any employer stock, after-tax contributions, or Roth 401(k) amounts need special handling
Keep records of the rollover confirmation, statements, and tax forms
Report the rollover correctly on your tax return if needed
Check for fees, investment options, and required minimum distribution rules before moving the funds