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There is no minimum dollar amount required to open a IRA with us. Some mutual funds may have minimums required to purchase; review each fund’s prospectus for details.
Yes, visit IRA Transfer for a quick overview of the online process or contact our transfer specialists, and they'll guide you through the entire process—from beginning to end. Call 888-336-8301 to get started.
Generally, yes. Contact our rollover specialists, and they'll guide you through the entire process—from beginning to end. Call 888-336-8301 to get started.
Generally, there are no tax implications if you complete a direct rollover and the assets go directly from your employer-sponsored plan into a Rollover or Traditional IRA via a trustee-to-trustee transfer.
However, if you choose to convert some or all of your savings in your employer-sponsored retirement plan directly to a Roth IRA, the conversion would be subject to ordinary income tax. Contact your tax advisor for more information.
If you withdraw the assets from your former employer‑sponsored retirement plan, the check is made payable to you, and taxes are withheld, you may still be able to complete a 60-day rollover. Within 60 days of receiving the distribution check, you must deposit the money into a Rollover IRA to avoid current income taxes.
If taxes were withheld from the distribution, you would have to replace that amount if you want to roll over your entire distribution to your IRA. If you hold the assets for more than 60 days, your distribution will be subject to current income taxes and a 10% early withdrawal penalty if you are under age 59½.
You’ll have to replace the 20% that was withheld with your own savings if you want to roll over your entire distribution to your IRA—all within 60 days of receiving the distribution. If you do, the 20% that was withheld is credited toward your income tax liability when you file your tax return. However, if you don’t have the cash to make up for the 20% withheld, the IRS will consider that 20% as a distribution, making it subject to taxes and a possible 10% early withdrawal penalty if you are under age 59½.