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Rollover IRAs

take a closer look at rollover IRAs.

A simpler way to track and control your retirement funds.

How It Works

What is a rollover IRA?

A rollover IRA is a retirement account designed so you can move your former employer’s qualified retirement plan, such as a 401(k) or 403(b), into an IRA. Rollover IRAs function the same as traditional IRAs, meaning your funds can grow  tax-deferred  and your future contributions may be tax deductible.

Reasons to roll over:

  • Never lose track of your old 401(k)s or 403(b)s by consolidating into one IRA

  • Potential to build wealth over time with greater control over your investments

  • Access to a wide range of investment choices

Features offered with every Ally Invest IRA.

No annual or monthly maintenance fees.

Unlike some employer plans, our IRA plans don’t charge maintenance or annual fees.

You choose how to invest.

Select self-directed trading to manage your own investments, or allow us to do the heavy lifting with a managed portfolio. 

Dedicated support.

Call, chat, or email us. We’re happy to help with whatever you need.

The 411 on your 401(k) choices.

When it comes to your old job’s 401(k) or 403(b) plan, you have 4 possibilities.

Roll over into an IRA

Consider if: You want greater control over your retirement funds. With an IRA you have more autonomy since you’re not bound to the offerings of your employer’s investment plans. And with an Ally Invest Self-Directed Trading account, you call the shots by managing your own trades. 

Learn More

Keep in mind, Ally Invest doesn’t provide tax advice. If you have questions regarding your taxes, visit IRS.gov or consult a tax professional.

Ally Invest fees, a short story.

You shouldn't be nickel and dimed for having an Invest IRA.

We don’t charge for the essentials

  • Annual fee

    $0

  • Monthly maintenance fee

    $0

  • Transfer fee into a rollover IRA

    $0

  • Commission fee on eligible U.S.-listed stocks, ETFs, and options

    $0

  • Advisory fee for cash-enhanced managed portfolios

    0.00%

…and won’t hide the fees we do have.

  • IRA account closure fee

    (charged when all funds are removed)

    $25

  • Full and partial IRA account outgoing transfer fee

    $50

  • Market-focused managed portfolio

    0.30%

    annual advisory fee

  • Per contract fee for options

    $0.50

How to roll over a 401(k) to an Ally Invest Self-Directed Trading account.

Step 1

Open an account online.

On Step 1 of our Self-Directed Trading online application, choose IRA, then select either Rollover IRA or Roth IRA if your 401(k) or 403(b) is a Roth account. 

Step 2

Request a rollover.

Contact your plan provider and request a transfer through  direct rollover  or  indirect rollover.

Step 3

Start investing.

Your funds are ready to invest as soon as they’re rolled over (about 2 weeks). We’ll update your account balance the same day we receive the check. 

Make sure funds are deposited within 60 days to avoid other taxes and penalties. Visit  IRS.gov  for more information.

Get Started

FAQs

We have answers.

Still have questions? Visit our  Help Center.