Take a closer look at rollover IRAs.
A simpler way to track and control your retirement funds.
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 robo portfolio.
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.
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
Monthly maintenance fee
Transfer fee into a rollover IRA
Commission fee on eligible U.S.-listed stocks, ETFs, and options
Advisory fee for cash-enhanced robo portfolios
…and won’t hide the fees we do have.
IRA account closure fee
(charged when all funds are removed)
Full and partial IRA account outgoing transfer fee
Market-focused robo portfolio
annual advisory fee
Per contract fee for options
How to roll over a 401(k) to an Ally Invest Self-Directed Trading account.
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.
Request a rollover.
Contact your plan provider and request a transfer through direct rollover or indirect rollover.
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.