If you’re changing jobs or retiring and you want to keep your investments growing tax-deferred without incurring penalties, a Rollover IRA may be a great option for you. This type of retirement account allows individuals to roll over their assets from their employer-sponsored retirement plan-401(k) to an IRA account, which means you may be able to completely avoid penalties and enjoy a tax-deferred benefit. Rollover assets encompass a range of investments, such as mutual funds, options, stocks, bonds, and CDs.

How to rollover your retirement plan to Firstrade

Rolling over an existing pre-tax 401k plan is simple. With Firstrade, once you've opened your Rollover IRA account, you'll be able to transfer your 401k plan into your new account. Check out this link for step-by-step instructions. However, if your existing 401(K) is a post-tax plan (Roth 401k), you will have to open a Roth IRA account and roll over your assets there.

Benefits of opening a Rollover IRA account at Firstrade

Step-by-step guidance from one of our IRA specialists
We’ve made the process of opening an account at Firstrade easy, but if you’re not sure how to proceed or if you have additional questions, our IRA specialists are ready to assist you.

No account fees or deposit minimum to open an account
Make your money work for you with Firstrade’s absolutely no-fee IRA. We don’t charge any account management, inactivity, handling or assistance fees, nor do we require a minimum deposit when you open an account with us.

Access to a wide range of investment products with $0 commission
Firstrade offers a wide range of investment products for you to build a diversified portfolio with $0 in commission fees. Trade stocks, options & mutual funds to maximize your potential earnings with this tax-advantaged account.

Interested in learning more about Our No-fee IRAs? Visit Firstrade’s website today.