How to Terminate enrollment in DirectStock

Tell your broker you want a distribution in kind to an individual brokerage account. This means the broker will move the number of shares you own out of the IRA account, into an individual account without selling any shares.

 

It is still considered a distribution, so taxes and/or a penalty may apply depending on the value of your IRA, your age, and what kind of IRA you hold. The broker will provide you with necessary forms, and move shares to the new account (or your existing individual account). Once the shares are there, proceed with the instructions here.

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If you change your mind, you have up to 60 days after your in kind distribution to rollover the shares into another IRA that is in your name. This will prevent any tax implications.