BEST OF

Best IRA Providers for a 401(k) Rollover

Rolling your old 401(k) over into an IRA can give you more control over your investments. Here's a list of the best brokers for an IRA rollover.

Nov 1, 2022

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When leaving a job, many people also leave their most valuable retirement asset behind: their 401(k), which sits where it is until retirement, quietly amassing fees.

But you can — and in most cases should — roll your 401(k) over to an IRA. Depending on your plan and what you'd like to invest in, 401(k) fees can be high. You may save money and find a wider range of investment options by rolling it over to an IRA.

The toughest part is usually choosing an IRA account provider, but that’s where we come in. Here are NerdWallet’s picks for the best IRA providers for your IRA rollover.

Best IRA Providers for a 401(k) Rollover

Our pick for

Hands-On Investors

NerdWallet rating 

5.0

/5
Fidelity IRA
Learn more

on Fidelity's website

Fees

$0

no account fees to open a Fidelity retail IRA

Account minimum

$0

Promotion

Get $150

when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY150. Limited time offer. Terms apply.

NerdWallet rating 

5.0

/5
Interactive Brokers IBKR Lite
Learn more

on Interactive Brokers' website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

4.7

/5
Merrill Edge IRA
Learn more

on Merrill Edge's website

Fees

$0

per trade

Account minimum

$0

Promotion

Up to $600

when you invest in a new Merrill Edge® Self-Directed account.

NerdWallet rating 

4.5

/5
E*TRADE IRA
Learn more

on E*TRADE's website

Fees

$0

Account minimum

$0

Promotion

None

no promotion available at this time

Our pick for

Hands-Off Investors

NerdWallet rating 

4.9

/5
SoFi Automated Investing
Learn more

on SoFi Invest's website

AD

Paid non-client promotion

Fees

0%

management fee

Account minimum

$0

Promotion

Free

career counseling plus loan discounts with qualifying deposit

NerdWallet rating 

5.0

/5
Wealthfront IRA
Learn more

on Wealthfront's website

AD

Paid non-client promotion

Fees

0.25%

management fee

Account minimum

$500

Promotion

Get $50 customer bonus

when you fund your first taxable Investment Account

NerdWallet rating 

5.0

/5
Betterment IRA
Learn more

on Betterment's website

AD

Paid non-client promotion

Fees

0.25%

management fee

Account minimum

$10

Promotion

Up to 1 Year

of free management for new clients. Terms apply.

NerdWallet rating 

4.4

/5
Ally Invest Robo Portfolios
Learn more

on Ally Invest's website

AD

Paid non-client promotion

Fees

0.0%

with Cash-Enhanced Managed Portfolio; 0.3% otherwise

Account minimum

$100

Promotion

None

no promotion available at this time

NerdWallet rating 

4.4

/5
E*TRADE Core Portfolios
Learn more

on E*TRADE's website

AD

Paid non-client promotion

Fees

0.30%

management fee

Account minimum

$500

Promotion

None

no promotion available at this time

Want to compare more options? Here are our other top picks:

Last updated on November 1, 2022

You may also like these

People often identify opening a savings account as their next money move.

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

3.00%

With $0 min. balance for APY

Bonus

$250

Earn up to $250 with direct deposit. Terms apply.

at SoFi, Member FDIC

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

3.25%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

3.00%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

at Discover Bank, Member FDIC

Methodology

NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. brokers and robo-advisors. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

For more details about the categories considered when rating providers and our processes, read our full broker ratings methodology and our full robo-advisor ratings methodology

To recap our selections...

NerdWallet's Best IRA Providers for a 401(k) Rollover