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.



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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
 




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

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!

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Helpful resources

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

Rollover FAQs

401(k) rollover considerations