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401(k) Rollover to IRA

Fidelity makes rolling over an old retirement savings plan from a former employer easy for you. Our tax-deferred account can help you invest for growth or income.

Account features

May be
appropriate for

Individuals who have changed jobs or retired and have left savings in a former employer’s workplace savings plan (i.e., 401(k), 403(b), governmental 457(b))

Tax benefits

A Rollover IRA is a type of Traditional IRA with the same potential tax-deferred growth of savings.


10% early withdrawal penalty may apply for withdrawals taken prior to age 59½ if no exceptions apply.

Penalty-free withdrawals for qualifying first-time home purchase and certain college expenses

Minimum required distributions (MRDs) starting at age 70½

Investment options Access to a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs
Support and guidance

One-on-one guidance—in person, online, or over the phone

Research and tools to help you create a long-term plan and choose investments


Account opening and annual maintenance fees


*There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.
Trading fees $7.95 for online U.S. equity trades

Next steps

Move your savings.
Call a rollover specialist at 800-343-3548 for help with the process.
Rated 4.3 out of 5 by 453 reviewers.
Rated 5 out of 5 by New rollover account Establishing a new rollover account was simple and convenient online. Then the transfer from another management company to Fidelity was flawless. Special instructions were given when some funds were not able to be transferred in kind. I spoke with an agent when I had questions and was very please with the help.The Old Guy February 3, 2014
Rated 5 out of 5 by Glad I did it. I'm glad I finally rolled my old 401K over to the Fidelity IRA. I have more direct control of the funds, and many more investment choices. The Fidelity research is very helpful. Fees are very reasonable. January 29, 2014
Rated 5 out of 5 by Process was streamlined and fast Fidelity did a great job with my rollover. The process was fast and I didn't have to do much on my end. I have worked for some of Fidelity's biggest competitors and I can confidently say that Fidelity is light years ahead of them in service, technology, and overall customer satisfaction. I have been suggesting Fidelity to all my friends and family as the place to roll over their old assets because of the fast and clean platform to manage their money. Fidelity's reps are always friendly and helpful and do not go overboard in suggesting other products. I vouch for Fidelity. I hope to achiece all my financial goals with them. November 14, 2013
Rated 5 out of 5 by Fidelity Accounts I have three different accounts (Rollover IRA, ROTH IRA and Tryst) with Fidelity. I have been with Fidelity over 20 years and have been extremely satisfied. When I Have a question, I get it clearly answered in one telephone call. They have been extremely courteous and helpful which is very unusual. November 3, 2013
Rated 5 out of 5 by Safe and easy The rollover was easy. The fees are great. The education options are great and the support staff is wonderful. July 7, 2013
Rated 5 out of 5 by excellent customer service When I first rolled my account over, my Fidelity rep was excellent in helping me with all the processes and forms, not only required by Fidelity, but also from my roll-from account, another large institution. He continued to help me through some investment choices, always being there to help, never pushing. I highly recommend Fidelity for their service-oriented culture. As a Customer Service executive myself, I set high standards and don't easily give such high marks! As for value, I have only been a customer for 1+ year. Too soon to evaluate. June 28, 2013
Rated 5 out of 5 by Very good service - well pleased. The Fidelity characteristic I like best is the consistency of good customer service. I have had a Fidelity account for many years and have never been disappointed. Also the handling of paperwork and follow up by Fidelity representatives is very good. I have gradually consolidated my accounts with Fidelity and look forward to continued good service in my retirement. June 27, 2013
Rated 5 out of 5 by Good Choices The Fidelity rollover IRA is a good place to place for me to place the money from an old 401K plan. It offers me lots of investment choices including a good number of both Fidelity and non-Fidelity mutual funds or the ability to invest in individual stocks if I choose. This gives me plenty of options to suit my investment style. June 26, 2013
Rated 5 out of 5 by Excellent Customer Service I have enjoyed my relationship with Fidelity for over 15 years total. I find the customer service to be excellent, knowledgeable people who are empowered to perform their duties or have the ability to immediately connect with the right person to get any transaction completed. I have enjoyed and benefitted from my meetings with our account reps over the years and try to meet in person at least twice per year. Again, very informed people with timely, helpful suggestions. January 24, 2013
Rated 5 out of 5 by SMOOTH TRANSACTION This was a very smooth and easy transaction. The Fidelity representatives I dealt with were all very professional and knowledgeable. January 23, 2013
Rated 5 out of 5 by 401K Rollover to IRA Great input from Fidelity personnel, easy to manage process and excellent self service capabilities. April 4, 2014
Rated 5 out of 5 by My IRA rollover It was easy, convenient, helpfully! And I am female with little money knowledge. Fedelity made my experience friendly, no regrets! The staff was very good at answering my questions. Love the company!! March 25, 2014
Rated 5 out of 5 by Clear great job at anticipating customer questions. answers were clear and free of financial guru jargon. March 12, 2014
Rated 4 out of 5 by Dividend & Capitol Gains Assignment Overall I am very satisfied with my Fidelity Rollover IRA account, however, I would like the availability to request any dividends & capitol gains to be reinvested, put in a money market account (or automatically direct deposit the funds in my bank account without having to request a withdrawal.) Plus, the availability to designate the percent of Federal Tax withholding that stays constant until I decide to change it. February 19, 2014
Rated 5 out of 5 by Definitely something to consider Rolling over a 401K to a Fidelity IRA was pretty easy. Anyone retiring or changing jobs should seriously consider it for 3 reasons: 1) more investment options - 100's instead of the few in a 401k, 2) better service - account managers and staffs compared with an outsourced service, and 3) much lower fees, especially with ETF's as an option. February 13, 2014
Rated 3 out of 5 by accountt rollover I have ytied and tried to get help with "investing" my rollover account sinceaccomplishing my rollover this summer. Got confusing information from each customer service personel. Will be taking my account elsewhere February 12, 2014
Rated 5 out of 5 by Prompt, Knowledgeable, Caring Any concerns or questions I've had have always been answered promptly. My account executive, Robin, has been and continues to ease any worries my wife and I have with decisions with our IRA account. February 7, 2014
Rated 5 out of 5 by Confident I feel my assets are in good hands. Fidelity people exude trust and confidence. I appreciate their candor, honesty, friendliness, and expertise. February 6, 2014
Rated 4 out of 5 by Does the job! Good execution, useful website. I have no complaints whatsoever. February 6, 2014
Rated 5 out of 5 by MRD The rep made it very easy for me to rely on Fidelity to keep distribution in a orderly and timely way. February 5, 2014
Rated 1 out of 5 by shooting blind Not a peep from anyone @ Fidelity about what I should do with my money. Even when I asked when in your office in Delaware County Ohio. As tho since I didn't have a six figure fund I was a leper. February 4, 2014
Rated 5 out of 5 by Rollover IRA I was a Delaware state employee and was enrolled in Fidelity in a deferred saving plan while I worked. When I retired in 2011, I placed a part of my savings in Fidelity's Rollover IRA. I have always been extremely satisfied when I called customer service. My questions were always answered in a clear, understandable, friendly way. I have been pleased with both your on-line services and your phone customer service February 4, 2014
Rated 5 out of 5 by Excellent Service and value Fidelity has some of the best pros in the Industry. Great online web service and really knowledgable advisors. So far, the best I have dealt with. February 4, 2014
Rated 4 out of 5 by Investing Opportuities The conversion went well and the product provided gives me the tools I need to do my investments are good for researching my investments. The origional support I got in reviewing my goals and getting a recommedation in setting up portfolio was very valueable being succesfull during 2014 in meeting my goals. Going forward I am very interested in goingto one of the Fidelity education centers to get some one on one training on better using your tools February 3, 2014
Rated 5 out of 5 by Secure and reliable I had been with Fidelity for 401-K, just rolled it over, easy to do. February 3, 2014
Rated 5 out of 5 by Manager I like the system just the way it is....however sometimes I would like to be able for the system to suggest to me other stocks or products I should look at in the same category that may give me a better returns! February 3, 2014
Rated 5 out of 5 by Great account to have for retirement When I had to rollover my 401K, Fidelity helped with all the transactions and figuring out where to put my money within the account. February 3, 2014
Rated 5 out of 5 by More flexible than 401K was Especially liked the greater ability to control what funds I want to invest in. February 3, 2014
Rated 5 out of 5 by Flexibility and choices are awesome! I've had this account for quite a few years and I not only enjoy the flexibility I have but also the amount of choices in investment vehicles. When I need advice, I just make a call and have the option to go to a local Fidelity office! February 2, 2014
Rated 4 out of 5 by Secure and reliable I associated Fidelity with my first job in 1990.Ups & down, able to expand the investment as fianancially accomodeted. Now in retirement, looking for Generation-wealth building. February 2, 2014
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More information

$7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (of between $0.01 to $0.03 per $1000 of principal). Other conditions may apply. See Fidelity.com/commissions for details.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
The initial customer ratings and reviews for this product (those dated before 6/21/2012) were provided to Fidelity through an email solicitation for feedback on the product. All ratings and reviews are provided to Fidelity on a voluntary basis and are screened in accordance with the guidelines set forth in our Customer Ratings and Reviews Terms of Use. For additional information on which ratings and reviews may be posted, please refer to our Customer Ratings and Reviews Terms of Use. Featured reviews have been selected based on subjective criteria and have been reviewed by Fidelity Investments. The average rating is determined by calculating the mathematical average of all ratings that are approved for posting per the Customer Ratings and Reviews Terms of Use, and does not include any ratings that did not meet the guidelines and were therefore not posted). Ratings and reviews are added continuously to the website (after a delay for screening against guidelines), and average ratings are updated dynamically as reviews are added or removed.
The ratings and experiences of customers may not be representative of the experiences of all customers or investors and is not indicative of future success. The accuracy of information included in the customer ratings and reviews cannot be guaranteed by Fidelity Investments. Customers who post ratings may be responsible for disclosing whether they have a financial interest or conflict in submitting a rating and review.
Please contact a Fidelity representative if you have additional questions or concerns about the ratings and reviews posted here.