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Tip #2: The new account must be a mirror image of the old one.

It's important to make sure your new account looks exactly like the old one:

• That means that if it's a joint account, your old account must be a joint account.
• If you used your middle initial in the title of your old account, you will need to use that middle initial again.
• If you had an IRA in the new account, you must use the same type of IRA in the new account.

Essentially, you are trying to create a mirror image of your old account with your new broker.

NEXT: Tip #3: The transfer process can take several days.