How To Transfer Money From 401k To Ira

Retirement & IRAs Overview

Rollover IRA

A rollover IRA allows you to consolidate your old 401(k)s and other workplace retirement accounts throughout your career. You can continue to save for retirement and have control, flexibility, and a centralized view of your investments.¹

With Fidelity, you have a broad range of investment options, including having us manage your money for you. You'll get exceptional service as well as planning and guidance from our team.

Already have a Fidelity IRA?

If you've already opened a rollover IRA at Fidelity, get started moving your money with our step-by-step instructions.

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Key things to know

Tax benefits	You won't pay taxes on potential growth until you make withdrawals. You can move money from a former workplace plan to a rollover IRA without paying any taxes or penalties.²
Access to your money	You can take penalty-free withdrawals for certain expenses, such as a first home purchase, birth, adoption, or college expenses. However, a 10% early withdrawal penalty may apply for other withdrawals taken prior to age 59½.
Flexibility	With a rollover IRA, you can generally choose from a wider range of investments than you can in an employer's plan. However, when you reach age 72, you are required to take a certain amount of money out of your rollover IRA each year, called a required minimum distribution (RMD).³

Why you may want to consider other options

There are several choices for what to do with your old 401(k) when you retire or change jobs.

Ready to get started with a rollover IRA?

Decide whether you want to manage the investments in your IRA or have Fidelity do it for you.

	Fidelity rollover IRA	Fidelity Go^® rollover IRA	Fidelity^® Personalized Planning & Advice rollover IRA⁴
Investment management	You are responsible for choosing and managing your investments	We choose and manage your investments using your goals and risk tolerance in this digital account	We choose and manage your investments using your goals and risk tolerance in this digital account
Planning & guidance	Access to robust planning tools, and support from a Fidelity representative as needed⁵	Access to robust planning tools, and support from a Fidelity advisor as needed⁵	Access to robust planning tools plus 1-on-1 coaching from a dedicated team of Fidelity advisors⁵ on a variety of financial topics
Minimums	No minimum to open an account⁶	No minimum to open an account⁷	$25,000 investment minimum across Personalized Planning & Advice accounts⁸
Fees	No account⁶ or advisory fees with this type of retail account Depending on which investments you choose, there may be underlying fees	Advisory fee⁷ $0 for under $10,000 $3/mo for $10,000–$49,999 0.35%/yr for $50,000 and above Invests in Fidelity mutual funds that do not charge management fees or, with limited exceptions, fund expenses	0.50%/yr advisory fee Invests in Fidelity mutual funds that do not charge management fees or, with limited exceptions, fund expenses
Support	Thought leadership, research, 24/7 customer service	Thought leadership, research, 24/7 customer service	Thought leadership, research, 24/7 customer service
	Get started	Get started	Get started
Looking for a more hands-on approach? You might want to consider Fidelity^® Wealth Services for your planning and investment management needs. Minimum investment is $50,000.⁹ Learn more

How to move your old 401(k) into a rollover IRA

Don't forget these important steps

For a Fidelity rollover IRA: After you move your money, it's a good idea to make sure it's still invested and aligned with your goals. This is a very important step—investing is how your money has the potential to grow over time.

For a Fidelity Go^® rollover IRA, Fidelity^® Personalized Planning & Advice rollover IRA, or Fidelity^®Wealth Services: You don't need to choose or manage your investments—we do that for you based on the information you gave us.

If you have Fidelity Personalized Planning & Advice or Fidelity Wealth Services, you might also want to set up an appointment and review your full financial picture. That's why we're here!

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Helpful resources

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

You must be at least 18 years old to open an IRA with Fidelity.

1. By making a IRA contribution to a Rollover IRA you may be commingling qualified plan assets (i.e. 401(k), 403(b) and/or governmental 457(b) plan assets within your rollover IRA with annual IRA contributions. If you want the option of rolling eligible assets from your IRA into another employer-sponsored retirement plan in the future, you may want to consider keeping separate IRA accounts for each retirement plan type that you are rolling over.

Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

The change in the RMD age requirement from 70½ to 72 only applies to individuals who turn 70½ on or after January 1, 2020. Please speak with your tax advisor regarding the impact of this change on future RMDs.

4. While Fidelity Personalized Planning & Advice is not currently designed for investors who are retired or within 3 years of retirement, we have other great services we can discuss with you if you call us at 800-343-3548 and ask for "Planning".

5. Clients with $250,000 or more at Fidelity may be eligible for dedicated Fidelity advisor access.

No account fees or minimums to open Fidelity retail IRA accounts. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs), and commissions, interest charges, and other expenses for transactions, may still apply. See Fidelity.com/commissions for further details.

7. There is no minimum amount required to open a Fidelity Go account. However, in order for us to invest your money according to the investment strategy you've chosen, your account balance must be at least $10. The Fidelity Go program advisory fee is calculated and charged at the account level.

8. To be eligible for the Fidelity Personalized Planning & Advice program you must invest and maintain a minimum of $25,000, in the aggregate, in one or more of your program accounts. A program account will not be invested according to a selected asset allocation strategy until the account has a balance of at least $10.

9. Fidelity^® Wealth Services ("FWS") offers three service levels, each with its own fees, features, and eligibility requirements. Wealth Management service level clients must generally qualify for support from a dedicated Fidelity advisor, which is based on a variety of factors (for example, a client with at least $250,000 invested in eligible Fidelity account(s) would typically qualify). Account investment minimum is $50,000. For details, review the Program Fundamentals available online or through a representative.

Fidelity Go^® provides discretionary investment management for a fee. Fidelity® Personalized Planning & Advice provides non-discretionary financial planning and discretionary investment management for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FBS and NFS are Fidelity Investments companies.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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