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.
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 |
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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?

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 | |
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Planning & guidance |
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Advisory fee7
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Support |
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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 for access to a team of advisors or $250,000 for a dedicated advisor. Learn more |
How to move your old 401(k) into a rollover IRA
After you open your new account, we can help you navigate through the rollover process with step-by-step instructions.
If there are both pre-tax and post-tax contributions in your 401(k), or you have a Roth 401(k), you might need to open a Roth IRA. Which IRA should you consider for your rollover?
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!