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Pointers for a stress-free 401(k) rollover

Plus, our shortlist of standout providers for 401(k) rollovers

Already have a provider in mind for your rollover?

Nice, you’re one step ahead. Moving your current 401(k) into an existing IRA or your new job’s retirement fund is super easy. Learn how.

Know your easiest option

The simplest way to rollover your 401(k) is to have the broker transfer the money for you. This is called a “direct rollover”, and doing so saves you time and protects you from any taxes and penalties you could incur by moving a 401(k) yourself.

Ditch administrative fees

If you’ve left your 401(k) with an old employer, you may be paying a premium for admin fees. By rolling over your retirement savings you can avoid them all together.

Pick the provider that's right for you

With the right provider, you can score rock-bottom fees and low commission rates. Plus, they can help handle your rollover directly, so you won’t have to sweat it. To help you find the right provider for you, check out these next-level standouts that offer something for everyone.

Standout providers for do-it-yourself investors

With low costs and advanced research tools, these providers are perfect for those who want to manage their own portfolios.

Broker

Highlights

Commissions

Account Minimum

Current Offers

Next step

NerdWallet rating

Show Details

Breadth of research; low commissions; customer service

Commissions

$6.95

per trade

Current Offers

Up to $600

in cash bonus with a qualifying deposit to a new Merrill Edge Self-Directed account

on Merrill Edge IRA's secure website

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NerdWallet rating

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No account minimum; free research and education; retirement planning tools

Commissions

$6.95

per trade

Current Offers

$100-$600

in cash bonus with a qualifying deposit

on TD Ameritrade IRA's secure website

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Standout robo-advisors for hands-off investors

Put your investments on autopilot. These robo-advisors offer portfolio management — informed by computer algorithms and your personal investing preferences — all at an affordable rate.

Broker

Highlights

Commissions

Account Minimum

Current Offers

Next Step

NerdWallet rating

Show Details

Free management on small balances; hands-off approach for IRA investors.

Commissions

0.25%

management fee

Current Offers

$5,000

amount of assets managed for free

on Wealthfront IRA's secure website

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NerdWallet rating

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Socially responsible investments; free tax-loss harvesting

Commissions

0.40%-0.50%

management fee

Current Offers

$10,000

amount of assets managed for free for one year

on Wealthsimple IRA's secure website

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NerdWallet rating

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Low-cost ETFs; automatic rebalancing; extensive advice

Commissions

0.25%

management fee

Current Offers

Up to 1 year

of free management with a qualifying deposit

on Betterment IRA's secure website

Show Details

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