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Roth IRA Conversion Checklists

If you've decided to convert your existing retirement account into a Roth IRA, you can choose to get started on your own or have one of our investment professionals help you every step of the way.

Use the checklist below for your account types or call 800-343-3548 to start the process.

Deadline: December 31, 2015, for the 2015 tax year

If you prefer, you can download and mail in a Fidelity Roth IRA Conversion form (PDF) or call 800-544-6666 for assistance.

When converting a Traditional IRA, keep in mind:

  • If you are required to take a minimum required distribution (MRD) in the year you convert, you must do so before converting to a Roth IRA.
  • MRD amounts are not eligible to convert to a Roth IRA.
  • Generally, converted assets in the Roth IRA must remain there for at least five years to avoid penalties and taxes.
  • A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and at least one of the following conditions has been met: you reach age 59½, die, become disabled, or make a qualified first-time home purchase.
  • MRDs are not required during the lifetime of the original owner.

If you qualify, you can roll over assets from your old 401(k) directly to a Roth IRA.

Deadline: December 31, 2015, for the 2015 tax year

Converting a 401(k) serviced by Fidelity

Step 1: Open a Fidelity Roth IRA.
Follow this simple process online to open your Roth account.

Step 2: Call the plan's toll-free number located on your statement and a Fidelity representative will assist you in rolling over your assets to your new Fidelity Roth IRA.

Converting a 401(k) serviced by another financial institution

Step 1: Open a Fidelity Roth IRA.
Follow this simple process online to open your Roth account.

Step 2: Call 800-343-3548 or visit an Investor Center. A Fidelity representative will assist you in rolling over your assets to your new Fidelity Roth IRA.

When converting an old 401(k), keep in mind:

  • If you are required to take a minimum required distribution (MRD) in the year you convert to an IRA, you must do so before converting to a Roth IRA.
  • You'll owe taxes on the amount of pretax assets you roll over.
  • Note that if you have assets in a Designated Roth Account (i.e., Roth 401(k)) and would like to roll these to an IRA, you can only roll these assets over into a Roth IRA.
The tax and estate planning information contained herein is general in nature, is provided for informational purposes only and should not be construed as legal or tax advice. Fidelity does not provide legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
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Choose a Traditional IRA or Roth IRA. If you are transferring an existing IRA to Fidelity, choose the same type as the current account.

Open a Traditional IRA

Open a Roth IRA