TD Ameritrade

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  • Call us: 800-454-9272
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+ get up to $600*

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Rollover IRA

Make the most of your old 401k.

Get up to $600 when you roll over your old 401k
Get up to $600 when you roll over your old 401k

With a rollover IRA, we give you the tools, support and guidance you need to optimize your portfolio. Our retirement consultants can assist you with the process from start to finish. Plus, you'll get access to a range of low-cost investment choices, helpful portfolio planning tools, research, and education so you can design a portfolio that aligns with your retirement goals.

Start your Rollover now

Roll over your old 401k to TD Ameritrade—it's as easy as:

1Open a TD Ameritrade IRA

Start the rollover process online. Simply select "IRA Rollover," fill in your contact information, and designate a beneficiary. It only takes 15 minutes to open your IRA. If you need help with your 401k rollover, please call 800-213-4583 to speak with one of our knowledgeable retirement consultants

2Fund your account

Contact the plan administrator from your previous employer-sponsored retirement plan and be sure to have your latest statement and Social Security Number handy. Ask for the appropriate company rollover forms and request the transfer of your current retirement account funds in one of three ways:

Direct rollover | wire

Request to have the funds wired into your TD Ameritrade account

Direct rollover | check

Request to have a check made out to "TD Ameritrade Clearing, Inc., FBO [YOUR NAME], [YOUR ACCOUNT NUMBER]"

  • The check can be sent from the plan administrator directly to TD Ameritrade
  • Or the check can be sent to you to deposit at a TD Ameritrade branch in person or by mail. Be sure to include a deposit slip.

Indirect rollover

Request that the plan administrator send you a check made payable to you

  • You must deposit the entire amount that was in your 401k account into your IRA within 60 days of receipt to avoid IRS penalties
  • Your plan administrator may withhold 20% for federal taxes
  • You will need to make up this difference in your deposit or you may be subject to additional taxes and penalties
  • You can make the deposit in person at a TD Ameritrade branch or by mail. Be sure to include a deposit slip.

Please note, depending on your previous employer-sponsored retirement plan’s administrator, your funds can take anywhere from 5 to 20 business days to be deposited into your TD Ameritrade account.

3Build your portfolio

Once the funds are deposited, it’s time to start building your portfolio. Whether you are more hands-on or prefer some guidance, we offer a variety of solutions that are sure to fit your investment style.

Why choose a TD Ameritrade IRA

Helpful support

Whether it’s contacting administrators, helping with paperwork, discussing retirement goals, or explaining rollover benefits, our retirement consultants are here for you every step of the way.

Investment choices

From commission-free, exchange-traded funds (ETFs) and no-transaction fee mutual funds , to a robust offering of fixed-income products and annuities, you’ll have access to an array of investment products to fit your individual needs.

Useful tools

See if you're on track with your retirement goals with the Retirement Calculator. Just answer a few questions about your goals, income, assets, and level of risk to find out how much you may need for retirement.

Review Your Retirement Plan Rollover Choices

Use the 401k Rollover Calculator or see the chart below to help determine if rolling over your assets into a TD Ameritrade IRA is right for you. If you have questions, call 800-213-4583 to speak with a retirement consultant about your specific needs. You can also download the helpful Rollover Pocket Guide for easy reference.

Roll over your old 401k into a TD Ameritrade IRA

Advantages
  • Investments remain tax-deferred
  • Wide choices of investments, tools and resources.
  • Ability to consolidate multiple retirement accounts.
  • Flexibility to convert to a Roth IRA
  • Option to move assets to a future employer’s plan
Disadvantages
  • No penalty-free withdrawals prior to age 59½ unless an exception applies (first home purchase, disability, medical expenses, substantially equal periodic payments)
  • No loans permitted
  • May need to liquidate investments in order to fund the IRA
  • Trading-related expenses, including commissions

Leave the assets in your former employer’s plan

Advantages
  • Investments remain tax-deferred
  • Loans may be permitted
  • No additional paperwork
  • Penalty-free withdrawals permitted if separated from service after age 55
  • Potential increased protection from creditors and legal judgements
  • Investments alternatives may include lower-cost, institutional-class products
Disadvantages
  • Typically limited investment choices
  • Potentially limited access and control
  • Eligibility may lapse
  • Plans may have administrative fees (e.g., recordkeeping, compliance, or trustee fees)

Roll over the assets into a new employer’s plan

Advantages
  • Investments remain tax-deferred
  • Loans may be permitted
  • No additional paperwork
  • Penalty-free withdrawals permitted if seperated from service after age 55
  • Potential increased protection from creditors and legal judgements
  • Investments alternatives may include lower-cost, institutional-class products
Disadvantages
  • Typically limited investment choices
  • Potentially limited access and control
  • Eligibility may lapse
  • Plans may have administrative fees (e.g., recordkeeping, compliance, or trustee fees)

Take a cash distribution

Advantages
  • Money is immediately available to you
Disadvantages
  • Depletes retirement savings
  • Mandatory 20% withholding for federal taxes if under age 59½
  • State and local taxes may also apply
  • Possible 10% penalty if under the age 59½ Investment no longer tax-deferred
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Portfolio Allocation Models
With a TD Ameritrade IRA, you'll have access to education, tools and research to help you create your investment strategy. Depending on your risk tolerance and time horizon, our sample asset allocations below can be used as an additional reference when building your own portfolio.
Conservative
  • Seeks to minimize both risk and loss of principal
  • Is heavily weighted toward fixed income and cash
  • Allocations seek to limit volatility
Moderate
  • Seeks lower, more stable potential returns
  • Is weighted toward fixed income and cash
  • Limits exposure to equities to help avoid volatility
Moderate Growth
  • Seeks modest growth
  • Nearly balanced between equities and fixed income
  • May incur moderate volatility
Growth
  • Seeks a significant amount of investment growth
  • Is weighted towards equities
  • May incur large market fluctuations
Aggressive
  • Seeks a very significant amount of investment growth
  • Is heavily weighted towards equities
  • May incur large market fluctuations and increased risk of loss
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Portfolio Allocation Models

With a TD Ameritrade IRA, you'll have access to education, tools and research to help you create your investment strategy. Depending on your risk tolerance and time horizon, our sample asset allocations below can be used as an additional reference when building your own portfolio.

 

Conservative

  • Seeks to minimize both risk and loss of principal
  • Is heavily weighted toward fixed income and cash
  • Allocations seek to limit volatility

 
Moderate
  • Seeks lower, more stable potential returns
  • Is weighted toward fixed income and cash
  • Limits exposure to equities to help avoid volatility

 
Moderate Growth
  • Seeks modest growth
  • Nearly balanced between equities and fixed income
  • May incur moderate volatility

 
Growth
  • Seeks a significant amount of investment growth
  • Is weighted towards equities
  • May incur large market fluctuations

 
Aggressive
  • Seeks a very significant amount of investment growth
  • Is heavily weighted towards equities
  • May incur large market fluctuations and increased risk of loss

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