topic Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union in Retirement tax questions

Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

mccurdyrv2 — Tue, 24 Feb 2026 08:02:03 GMT

I recently moved all funds from a Charles Schwab PCRA (Personal Choice Retirement Account, pre tax) which was not invested in stocks/money market to a Traditional IRA at Navy Federal credit union. Are there any tax implications that I need to be concerned about?

Re: Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

Bsch4477 — Fri, 17 Nov 2023 21:42:57 GMT

No tax implications. Best if you did a direct institution to institution transfer.

Re: Rollover from Schwab PCRA to a Traditional IRA at Navy Federal credit union

VolvoGirl — Fri, 17 Nov 2023 21:44:53 GMT

You will get a 1099R in January so watch for it. It should not be taxable but you need to enter it into your tax return.