401(k) Rollover to IRA

Fidelity makes it easy to roll over an old workplace retirement plan such as a 401(k) to a Fidelity IRA.

What do you get with a Fidelity Rollover IRA?

  • Help building a plan that keeps up with a changing market and can adapt as your needs change
  • A wide range of investment options, including Fidelity and non-Fidelity funds, plus help choosing them
  • An easy-to-follow rollover process, with access to a specialist along the way

Ready to get started?


Tax benefits

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

Withdrawals

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

Contributions

Continue saving for retirement on a tax-deferred basis.1

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))
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

Investment options

Access to a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs. Learn more about your investment options

Account opening and annual maintenance fees

None*

*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

Rated 4.3 out of 5 by 796 reviewers.
Rated 5 out of 5 by IRA Rollover Review Fidelity made the rollover from my previous employer (also with Fidelity) a breeze. The phone service was excellent and the ease of use for web-based investment is great. July 5, 2016
Rated 5 out of 5 by Confidence in Fidelity My wife and I have our retirement savings (taxable and non-taxable 401K,403B, etc.) invested with Fidelity. My wife inherited an IRA from her father which was invested with another organization. We rolled it over to Fidelity for simplicity of management and investment choices. Fidelity was immensely helpful by detailing the steps we needed to follow to avoid a taxable situation. The organization where the funds were invested originally had very inexperienced representatives assigned. They did not ask the appropriate questions and were unfamiliar with Inherited IRA rules. Thank goodness Fidelity advocated for its customer (me), and was politely insistent with the competitor that a different process (from what the competitor suggested) would be much wiser. We avoided significant tax and made the tax reporting straightforward. Another reason to invest with Fidelity. June 13, 2016
Rated 5 out of 5 by IRA Rollover The process was made easy with Fidelity's help. They were the managers of the 401K also. There was one phone call involved and a little data input. It was done in an expeditious manner and the funds were explained to me. I was able to get the login requirements completed and confirmed before I left the local office. May 9, 2016
Rated 5 out of 5 by Friendly, with reliable investments I have utalized several investment firms for my IRAs in the past, but have begun moving all of my accounts over to Fidelity because I find that Fidelity is the most comprehensive, informative, and trustworthy firm that I have delt with. The Fidelity website is heads above any of the other firms in terms of accessible information, retirement planning calculators, and other features. April 12, 2016
Rated 5 out of 5 by Easy to view, change, and lookup Not being a super savvy to financial trends I like the ease of talking to customer service, having changes made and the ease of the whole process. I can log into account and check all transactions - again easy to use. January 18, 2016
Rated 5 out of 5 by Pleasant, and trustworthy The process was easy, as well as educational. Every person I talked to did an amazing job of asking me important questions and walking me through how I could do everything possibly to make my money work for me. Everyone was extremely knowledgeable and very polite. Thanks for making this process easy and comfortable. January 5, 2016
Rated 5 out of 5 by Never Too Early What a great catch phrase to motivate this Mom to jump back in the game after letting my $ sit for way too long while I raised my children. From the moment I saw the words "Never Too Early" it completely changed my thinking from "It's too late now" to "Why not start right now!". I called and spoke to a Fidelity representative who was literally happy to hear from me. It was like speaking with a long lost friend who was happy I was back in town. He helped me get a fresh new start on my investments & encouraged me to stay in the game while assuring that Fidelity's assisance is just a phone call away! December 12, 2014
Rated 5 out of 5 by Good rollover choice I started doing some investing with Fidelity because my company had my 401k with them and they seemed like a good choice. The investment side works so well and easily that when I retired, I rolled my 401k over into a Fidelity IRA. That was a quick, easy and seamless process. The breadth of investment choices with Fidelity is excellent, and the online tools to view, report, analyze or change my investments work well. September 16, 2014
Rated 5 out of 5 by confidence in Fidelity confirmed The transition for my retirement accounts from my employer to my rollover IRA couldn't have been easier. The assistance and advice for consolidating my accounts was excellent and the brokerage website and options for investing couldn't be better. I am 100% pleased with the services Fidelity offers. July 10, 2014
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 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 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 secure I am very happy with the Fidelity service. I have great confidence in your professional dignity. I also like the fact that your office is very close to my home. July 26, 2016
Rated 5 out of 5 by Very helpful Very knowledgeable and helpful. Staff was friendly. Didn't make me feel stupid for not understanding everything July 25, 2016
Rated 4 out of 5 by New rollover IRA I am pleased with the advice and assistance I received for my rollover IRA account. I opened my IRA account 5 months ago and am pleased with my options and service. I decided to open a Fidelity Rollover IRA because of my satisfaction with my Fidelity Brokerage Account. July 25, 2016
Rated 5 out of 5 by convenient and simple I rolled an employer 401k over by calling fidelity and then while on the phone we called the previous financial institution and the two reps figured all of the logistics out. All I had to do was provide various identifying information. Very easy and simple. July 25, 2016
Rated 5 out of 5 by N's IRA Complete comprehensiveness for investing in stocks, mutuals and bonds! July 25, 2016
Rated 5 out of 5 by Fast and convenient Thank you for the valuable advice on my rollover. This past year and a half has been hectic sometimes. With your help this task was much easier. Thank you very much. July 19, 2016
Rated 5 out of 5 by My IRA rollover Fidelity staff members are courteous and make me feel very comfortable the way they have been helping me with my accounts, whenever I ask a question they are right there with the answers or options I have with the choices I have made since my retirement. I have participated in some of the training session and webinars and they have been terrific. July 19, 2016
Rated 5 out of 5 by I am happy with my decisions When my company got acquired and I was faced with rolling my money over to another institution, I was unsure of what to do. I liked the service at Fidelity and after talking with the other institution about rolling my money into their 401K, I was not impressed. They were very basic and uncaring. I chose instead to roll my money into a Fidelity IRA. Not knowing what to do with it, I let it sit a while, then called Fidelity for advice. I was given options by some of the most patient and mild mannered people. I really appreciated their concern. I got the education I needed to make an informed decision about my money and feel good about it. Kudos!! July 19, 2016
Rated 5 out of 5 by Effective and Efficient I worked with a fidelity representative before I retired to work out a plan to convert my retirement portfolio to a rollover IRA. The representative was very knowledgable understanding of how to maximize my income in retirement while conserving my assets for estate planning purposes. July 18, 2016
Rated 5 out of 5 by Easy and convenient to manage Excellent services from Fidelity overall. I was allowed a set of free trades in the first year which made the deployment of my IRA assets easy. The web view of the account is very easy to read. July 18, 2016
Rated 5 out of 5 by Secure and reliable I have had problems with this account, It has always been my fault for forgetting to do what I need to do. July 18, 2016
Rated 5 out of 5 by Secure and reliable Fidelity does a great job managing my IRA account, and I have easy access to my funds. July 18, 2016
Rated 5 out of 5 by Convenient, easy to access and many products to choose from. I find my rollover IRA very easy to use as a hands-off investor who wishes to "invest and forget" for the long term. Also, I like the many types of products I can choose to invest in, as well as the support I receive from my account representative. July 18, 2016
Rated 5 out of 5 by Rollover IRA This is a great option, you get a lot of flexibility and it couldn't have been easier to make trades. The customer service person I spoke with was very polite and helpful and he was able to teach me how to trade in just a few minutes. This is exactly what I was looking for. July 15, 2016
Rated 3 out of 5 by Unclear on this survey Not sure why this showed up for answering. All I know is what Fidelity tells/shows me per portfolio reports. Looks good but still just "pie in the sky" at this juncture of my life. July 12, 2016
Rated 5 out of 5 by Easy to Manage, Lots of Features I was contacted by Fidelity when I left my previous employer. They suggested that I roll over my Fidelity 401k to a Fidelity IRA. I can't say for sure that it was the right or wrong thing to do however I can say that there are a lot of available choices and my IRA survived Brexit pretty well. The adviser assigned to me was very helpful although I haven't heard from them for a while. July 11, 2016
Rated 5 out of 5 by Ease of use of site. Since joining Fidelity, I have been able to quickly learn and navigate your customer online site. It is clear and understandable. If I do need assistance, representatives are quick to respond with their thoughts and suggestions on moving forward. July 11, 2016
Rated 5 out of 5 by great customer service and investment options The customer service is phenomenal; everyone is so helpful in answering my often newbie questions. I really appreciate the number of investment options available (e.g. physical gold, bitcoin ETF) and the low management fees. Keep up the good work. July 6, 2016
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