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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

Get started now

Already have a Fidelity IRA or previously started a rollover?
Let's roll over your old workplace planLog In Required

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


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


*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 759 reviewers.
Rated 5 out of 5 by IRA I rolled my retirement fund over into an IRA after leaving my previous place of employment. I communicated with the Fidelity representative that I was not planning to make additional investments at the present time. Although I was not planning to invest at this time, I was provided with exceptional customer service from my first contact up to the present time. I did not understand the basics of an IRA and the representative patiently explained every aspect to me, more than once. I was guided as to how to use the web site and given the contact infirmation of the representative in case I had additiinal questions. Each time I have used the on-line support the representative has been professional and knowledgable. It has been a pleasure working with Fidelity. I soon wll be investing again, I had not thiught about using Fidelity prior to this experience, I now am willing to gain more information regarding having them manage a portfolio. May 25, 2015
Rated 5 out of 5 by ira Very efective and secure and exellent and helpfull May 25, 2015
Rated 5 out of 5 by Rollover IRA Review I am very satisfied with my Fidelity Accounts. I look forward to a bright future with Fidelity. May 18, 2015
Rated 5 out of 5 by Rollover IRA Comments Great customer support - always willing to take time to talk on the phone and assure my questions are answered. On-line system is easy to use and pretty intuitive. May 18, 2015
Rated 1 out of 5 by Fidelity review I am VERY disappointed in my Fidelity. I opened a large account assuming I would get to participate in IPOs. To date, I have only been allocated 1 vs numerous requests. Based on this, I am seriously thinking of closing my account May 18, 2015
Rated 5 out of 5 by Seamless Transfer The transfer of her 401K account to the new Rollover IRA and maintaining the portfolio was extremely easy. May 16, 2015
Rated 5 out of 5 by Fidelity IRA Since converting both my old 401(k) and ESOP accounts to separate IRA's, I have been pleased with both. Keeping them separate has allowed me to direct dividends differently and also name beneficiaries differently. I am very happy with both IRA accounts. May 11, 2015
Rated 5 out of 5 by Reliable When accessing this site it is very reliable . Also if help is needed you many options to go to. May 11, 2015
Rated 5 out of 5 by simple and easy process My rollover was so simple and the process was easy. Once I made the decision to rollover my 401K to an IRA all I did was call and make an appointment with the local Fidelity office and everything was done in that one meeting. I can track my IRA online everyday if I want. This is so easy. May 11, 2015
Rated 5 out of 5 by Great Program Easy to start with numerous choices of stocks and funds. Customer service was helpful in guiding my decision. May 11, 2015
Rated 4 out of 5 by IRA is a good bargain Using Fidelity for my IRA has been a low cost way of taking care of my IRA. The trading fees are reasonable, the research tools good and the customer service excellent. Most notable, being able to call and talk to someone about any aspect of the services is very well appreciated by me. May 5, 2015
Rated 5 out of 5 by Easy Money I found it so easy to rollover a large part of my 401K once I started a new job. Fidelity even provided me with a way to continue to make contributions to the new IRA just like I had to my 401K for years. May 4, 2015
Rated 5 out of 5 by Excellent Service! My financial consultant has help me tremendously in managing my 401K rollover from my previous employers and consolidate all into great funds at Fidelity. Tools for helping in evaluating and planning my retirement have been great! What can you ask more for this great service! May 4, 2015
Rated 5 out of 5 by Easy to Use I enjoy being able to find everything I need in one succinct portfolio. It is easy to keep track of my money and tell how well it is or isn't performing for me. May 4, 2015
Rated 4 out of 5 by Roll over IRA My only complaint that each time I roll over an IRA< the IRS seems to think it is a distribution. It causes a hassle to communicate with them to clear it up. May 4, 2015
Rated 5 out of 5 by Reliable and meets my needs My experience over the last nearly 10 years has been nothing but outstanding. I have found the Rollover IRA to be a very effective tool for managing our assets in retirement. April 29, 2015
Rated 4 out of 5 by IRA I have had my IRA with Fidelity for less than 1 year. I had a tax-deferred annuity and rolled it into the Fidelity IRA as I was unable to fully understand it. My IRA is similar to my 401(k) but with more options. April 27, 2015
Rated 5 out of 5 by Top Notch Since I've been with Fidelity, I have worked with the best in the industry with regards to my investment portfolio. They asked what my goals were, and most importantly, they listened. I've been on a great path to retirement and I have everyone at Fidelity to thank for that. April 27, 2015
Rated 1 out of 5 by retired I like to make trades like the old computer format , I want to select trade and then select what I want to do. you had it that way ,why did you change? April 26, 2015
Rated 5 out of 5 by Secure and reliable All my previous calls have been handled professionally, as I would expect from an excellent investment company April 20, 2015
Rated 5 out of 5 by Great Company I have had a great experience with Fidelity. They are professional and helpful. April 20, 2015
Rated 4 out of 5 by Simple process. Convenient. Unless you are in cash the transition takes longer than advertised. Fidelity needs to automatically transfer purchase prices over from previous accounts otherwise the gain/loss columns on Active Trader Pro are inaccurate. As an active options trader I expect the platform to present accurate data at all times. I had to make a special request for up to date purchase price data. Inconvenient. April 20, 2015
Rated 5 out of 5 by Rollover IRA This is my first time having an IR, and the staff has been very helpful in explaining to me how it works and making the appropriate decisions. April 20, 2015
Rated 1 out of 5 by Not what I expected Trying to roll over an IRA into my employer sponsored plan takes more effort than I would expect. First you need to fill out a "Withdrawals - IRA One-Time" form, mail it back to fidelity. Then they will cut you a check and mail it back to you. Then you need to fill out, "Incoming Rollover Contribution Application" and mail that off with the check they sent you. Based off of this effort, I asked if It would be possible to come into the office and take care of it as the local Fidelity office. My phone representative stated their is no real value for me to come into the office. I said thank you very much, I will call back another time. Maybe its just me. April 16, 2015
Rated 4 out of 5 by IRA Brokerage Account Great Expectations, something that seems to be lacking from most companies anymore, but I have been very satisfied with Fidelity. I had my 401K with them, and they have met my expectations, and I decided to roll the 401K into an IRA with Fidelity. April 15, 2015
Rated 1 out of 5 by No one is there to help you I opened an IRA account. I called Fidelity to try to start the roll over process. Called for more than 30 minutes, never got answered. April 14, 2015
Rated 4 out of 5 by Self directed I prefer to self manage and make my own investment decisions. April 14, 2015
Rated 5 out of 5 by It does what it should The statements are simple to understand. The Staff is knowledgable. The office is neat and professional. the research tools are good The options and "offering" are well based for a retired person. there is a time to handle your own money and future, and there is also a time to know when to have someone else do it for you. The services and options are there for you to choose when you feel that time has come for you. April 14, 2015
Rated 4 out of 5 by Ease of process but website issues The actual process to transfer a 401-K to an IRA was made extremely easy with the guidance of my Fidelity Rep. however, the website is far more difficult to understand and maneuver than what I was accustom to through the 401-K. Even after seeking guidance from my representative it still seems too complex. April 14, 2015
Rated 4 out of 5 by easy to use, understandable Easy to use and has the answers to questions using the menus. Lots of other information regarding all aspects of IRA's and other accounts. Information was for the most part is understandable being that I am not all that familiar with selling and buying of stocks, bonds, CD's, etc...I think that I need to work on this! April 10, 2015
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More information

1. For a Rollover IRA, full deductibility of a contribution for 2015 is available to active participants whose 2015 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $183,000 for 2015; partial deductibility for MAGI up to $193,000. For 2016 full deductibility of a contribution is available to active participants whose 2016 Modified Adjusted Gross Income (MAGI) is $98,000 or less (joint) and $61,000 or less (single); partial deductibility for MAGI up to $118,000 (joint) and $71,000 (single). In addition, full deductibility of a contribution is available for working or nonworking spouses who are not covered by an employer-sponsored plan whose MAGI is less than $184,000 for 2016; partial deductibility for MAGI up to $194,000.
$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.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Guidance provided is educational.
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.
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.

Move Your Money to Fidelity

Start moving funds into your new account with this quick checklist. You may also call a rollover specialist at 800-343-3548 for help at any point in the process.

  • Request a direct rollover from your old 401(k) plan. A rollover specialist can help you contact your former employer's plan administrator, or you can contact the administrator on your own.
  • Complete any forms required by the plan administrator.
  • Instruct them to make the check payable to: "Fidelity Management Trust Company (or FMTC), FBO: [your name]/[Fidelity IRA account number].
  • Mail the check to one of the addresses shown here, bring it into an Investor Center, or scan and deposit it using Fidelity Mobile® on an iPhone®, iPad®, or Android™ device.

    Fidelity will notify you by email and by U.S. mail when your funds have arrived.

    Regular Mail:
    Fidelity Investments
    ATTN: Direct Rollovers
    PO Box 770001
    Cincinnati, OH 45277-0037

    Overnight Mail:
    Fidelity Investments
    ATTN: Direct Rollovers
    100 Crosby Parkway KC1H
    Covington, KY 41015-0037


Thank you for choosing the Fidelity Rollover IRA

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Already have a Fidelity Rollover IRA or previously started a rollover?