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Rollover Your 401(k)

When you take a 401(k) from an old job, you have a few options on what to do with it. But for many people, a great choice is to convert the 401(k) into an IRA.

If you’ve decided an IRA is right for you, here’s what you’ll need to do to make it happen. Initiating a rollover IRA shouldn’t take more than a few minutes, and once your funds are transferred, you’ll have access to a wider investment selection — and potentially lower fees.

Take these four steps to roll over your funds without incurring any unpleasant tax surprises:

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

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Commissions

Account Minimum

Current Offers

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Low costs across the board, free access to certified financial planners

Commissions

0%

management fee

Current Offers

Free

career counseling plus loan discounts with qualifying deposit

on Sofi Automated Investing's secure website

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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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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

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Standout IRA providers for do-it-yourself investors

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

Broker

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Commissions

Account Minimum

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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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Large number of no-trading-fee mutual funds; extensive research

Commissions

$6.95

per trade

Current Offers

Up to $600

in cash bonus with a qualifying deposit

on E-Trade IRA's secure website

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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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