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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.

Ready to roll over your old 401(k) to an IRA?

We'll guide you step-by-step—from opening your new IRA to moving and investing your money.

Learn more about the Fidelity Rollover IRA

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. Learn more about your investment options.
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
Rated 4.3 out of 5 by 640 reviewers.
Rated 5 out of 5 by Plenty of tools and investment options I like the clarity of the online site. I can pretty easily discern how well my investments are doing and make changes as needed. Most importantly, I can find out how my portfolio has performed (return). I have no complaints. January 31, 2014
Rated 5 out of 5 by Easy The conversion to a Fidelity rollover IRA was quick and easy. Fidelity reps were readily available in person and had information on planned investments at hand. January 31, 2014
Rated 5 out of 5 by Secure and competitive. Your offering match my requirements at my age. I also like the flexibility of making changes within my portfolio. January 31, 2014
Rated 5 out of 5 by secure, reliable & easy to use I am very satisfied with my IRA rollover, easy to track funds, make changes or transfer money to other accounts. January 31, 2014
Rated 4 out of 5 by Investments It has been seven or eight months since I rolled over my account. Therefore the specifics of the transaction are not fresh in my mind. Overall a good experience and no major or minor issues with the process of rolling over. January 31, 2014
Rated 5 out of 5 by Rollover IRA I'm very happy with the product and the service. I'm glad I decided to go with Fidelity. January 31, 2014
Rated 5 out of 5 by must do Have no issues with this IRA rollover account. Fidelity provides good "food" for thought and on a timely basis January 31, 2014
Rated 5 out of 5 by Couldn't ask for better! My Fidelity Rollover IRA is the perfect retirement financial vehicle. The huge number of investment options, the ease of selling/buying online, the convenience of withdrawal and the availability of financial advice are all reasons why I rate Fidelity excellent in all phases of their operation. January 31, 2014
Rated 4 out of 5 by Unable to Sell and Buy with Transaction Fee Involved If a transaction fee is involved in the buy portion of a sell and buy transaction, the Fidelity system cannot execute the trade. I was required to execute a sell, wait for it to clear and then execute a buy. I was told the system is unable to automatically deduct the $49.95 transaction fee from my sell proceeds and execute the buy with the balance. It seems simple enough so why can't you do it? January 31, 2014
Rated 5 out of 5 by I like it ...... The only improvement I can suggest is that you allow the direct transfer of shares from the IRA to the customers brokerage account .. without the necessity of selling and rebuying those share .. January 31, 2014
Rated 5 out of 5 by Convenient Excellent online access system with low cost trading and fund availability. Excellent reporting system and performance features. January 31, 2014
Rated 5 out of 5 by Extremely satisfied rollover IRA customer I had my IRA money in two different places, so I decided to consolidate it and move it to Fidelity. I have dealt with Fidelity off and on over the years and have always enjoyed the experience. I do most of my financial activity online, so Fidelity's web site is very important to me. It is superb! I have no complaints and am 100% satisfied at this incipient point in time. January 31, 2014
Rated 3 out of 5 by Feeback I am mostly satisfied with the IRA and information provided. However, I would like to see a running rate of return or a quarterly rate of return displayed online for my holdings. January 31, 2014
Rated 4 out of 5 by No face to face Everything is excellent except I've never talked face to face with a Fidelity employee. As I get older, I'm less sure of my self and value face to face more. January 31, 2014
Rated 2 out of 5 by Fidelity out of touch with customers I went into a Fidelity office to transfer an IRA account I held with another investment group to Fidelity. The clerk who greeted me asked me to fill out a qualification form. I explained to him that I already had an account and all I wanted to do was roll over the account into my existing Fidelity account. He refused to perform the action without me filling out the form. I looked at the form and it was asking for a lot of personal information including my current employer, my income, my net worth, and all of my financial holdings. I asked to see the manager. I explained to the manager that this detailed financial information was none of Fidelity's business, and all I wanted to do was roll over some existing money into Fidelity. He refused to perform the action without me filing out the form, so I left. January 30, 2014
Rated 5 out of 5 by using online customer service I just created a link between my bank and fidelity account, and opened a new mutual fund account. David (sorry forgot his last name) guided me step to step, and did an excellent job. The whole process took less than half an hour. January 30, 2014
Rated 5 out of 5 by My IRA From the time that I first rolled over my workplace 401(k) to a self directed IRA, Fidelity has been very helpful. They are there in your corner but not "in-your-face". I recently had questions and required help when it came time to put together my Required Minimum Distributions for 2013. The Fidelity agent practically did everything himself. He called when the funds were direct deposited to my checking account to make sure I was satisfied. I look at Fidelity as a knowledgeable and helpful friend. January 30, 2014
Rated 5 out of 5 by Rollover IRA I am very excited to retire with such a good company behind me and my money! January 30, 2014
Rated 5 out of 5 by Means to an End The Rollover IRA is an excellent tool that allows one to continue to grow capital on a tax deferred basis. Anyone can choose the products (e.g., stock and bond mutual funds, ETFs, individual stocks, bonds, etc.) that match their own risk/reward profile. There is also a strong support team available to answer any questions or give advice when necessary. January 30, 2014
Rated 5 out of 5 by Excellent web site, service, advise Have moved most investments to be held within my Fidelity accounts to be able to access info from one site and benefit from the web site analytical tools. It is VERY convenient. Whenever I call the representatives or my personal advisor they always are pleasant, professional, and give accurate advice. All in all extremely pleased with Fidelity. January 30, 2014
Rated 5 out of 5 by Cutting edge I have been with Fidelity for over 15 years now and like all the improvements that have been made. I think Fidelity is commented to innovation and on the cutting edge in keeping up with investment products. January 30, 2014
Rated 5 out of 5 by year end review very please with service and results. Working with Fidelity rep is very helpful. January 30, 2014
Rated 5 out of 5 by Professional Fidelity personnel were professional and concise concerning the roll-over process. January 30, 2014
Rated 5 out of 5 by Secure and reliable I view my relationship with fidelity, previously in a 401k and now in a brokerage rollover Ira, as one of the most fortunate things in my life. January 29, 2014
Rated 2 out of 5 by rollover procedures I don't feel I got the assistance I needed to complete the rollover transaction I was wanting to happen. Perhaps, I am just not savvy enough with this website, or financial websites in general. Once I've gotten a new estimate from the TRB in CY for purchasing 2 more years of service credit, I will again attempt to learn how to make this happen. January 29, 2014
Rated 3 out of 5 by Rollover with Fidelity - good move These days hard to tell what direction to go. Fidelity has been productive for me. Sometimes I think their help / service is geared for the high level expert in investments, not the everyday investor. I don't think that anyone else is better, though. January 29, 2014
Rated 5 out of 5 by Easy to set up and use I rolled over my account into Fidelity with little or no problem. Fidelity has provided me excellent information to be able to make prudent decisions and provides occasional reviews of what they think is happening or might happen. I find it useful. January 29, 2014
Rated 5 out of 5 by Fast, Easy and Hopefully Worth It The rollover for us was in 3 steps. First, last year went smoothly as well as the second. The third will take place within the next 4 weeks and I expect the same result, which is fast and easy. January 29, 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.

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


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