How to Open an IRA in 3 Simple Steps 1️⃣ Open the Account – Choose the right IRA provider (like Directed IRA) and open your account online. Make sure you pick the right type—Traditional IRA for a pre-tax 401(k) or Roth IRA for a Roth 401(k). 2️⃣ Move Your Money – Use a direct rollover form from your 401(k) provider (e.g., Vanguard) to transfer funds tax-free into your IRA. You can roll over cash or transfer investments like ETFs and mutual funds directly. 3️⃣ Invest the Account - Don't let your