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Rollover IRA

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One way to take control of your retirement savings is to roll over your plan from a former employer.

Ready to get started?

Open a Rollover IRA

Why should you consider rolling over an old 401(k)?

  • Administrative fees may be lower.
  • You can simplify your overall financial situation.
  • You may find more investment choices that are better for your situation.
  • No fees to open or maintain your account—other charges may apply1
  • A range of stocks, bonds, ETFs, mutual funds, and CDs to choose from
  • Easy access to financial professionals and various investment tools

What are the fees and commissions?

  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1
  • Minimum required to open an account: $1,000
  • Commissions: $4.95 per online equity trade;2 $0 per Schwab ETF online trade in your Schwab account3

What do I get with this Rollover IRA?

Every Schwab account comes with investment help and guidance. With this account, you'll get:

  • A tax-smart way to keep your retirement money invested and avoid early withdrawal penalties
  • Hassle-free rollover help from start to finish
  • Retirement planning tools and resources in Understanding IRAs
  • 24/7 service and support

A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution (taxes and possible withdrawal penalties may apply). Prior to a decision, be sure to understand the benefits and limitations of your available options and consider factors such as differences in investment related expenses, plan or account fees, available investment options, distribution options, legal and creditor protections, the availability of loan provisions, tax treatment, and other concerns specific to your individual circumstances.

See client reviews

Quick answers to related questions

Have questions about our Rollover IRA? Here are responses to some of the most common questions we hear. If you have a specific question, please call us at 866-855-9095.

Rollover Start Guide

A 401(k) rollover is a smart way to take control of your retirement savings. To roll over your old 401(k) or other employer-sponsored plan into a Schwab IRA, simply follow these steps.


Step 1. Open your Schwab Rollover IRA.

  • Apply for a Rollover IRA online to get started on your own.
  • Call 866-855-9095 to have a Rollover Consultant handle the details for you.

Step 2. Fund your account.

  • Contact your former employer’s plan administrator and tell them you want a direct rollover of your plan assets.
  • Complete any forms required by your former employer.
  • Decide how you want your retirement assets distributed.
  • Ask your employer to deposit your funds directly into your Schwab Rollover IRA.
    1. To prevent funds from being taxed, the check should be made payable to “Charles Schwab & Co., Inc., FBO (Your Name).”
    2. For an easy deposit, give your employer your Schwab Rollover IRA account number and ask them to include it on the check.
  • Instruct your employer to mail the check to: Charles Schwab & Co., Inc., P.O. Box 628291, Orlando, FL 32862-8291.
  • If your employer made your rollover distribution check payable to you rather than to Schwab, see our Rollover IRA FAQs to find out what to do.

Step 3. Invest your funds.

Take the next step.

Call a Schwab Rollover
Consultant
at 866-855-5636 or

Helpful Resources



Individual Retirement Account is rated 4.2 out of 5 by 769.
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Date published: 2017-10-25
Rated 5 out of 5 by from ? Vast improvement since Schwab updated account features a few years go.
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Date published: 2017-10-23
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Date published: 2017-10-20
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Date published: 2017-10-19
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Date published: 2017-10-15
Rated 4 out of 5 by from overall good - some room for improvement Schwab has "ten" versions of everything for "traders", but barely 1 for Mutual fund investors or cd & money market buyers. You need to provide website tools to make lnvesting easier. e.g. Mfnd investment planning tool (saveable), Annual report of buys, dividend/distributions (cash & rdi) and sells by Ticker (for IRA clients), an online glossary, web release notes, better Documentation support for your great "phone service" folks and accurate ytd & Total return charts for Mutual funds. These are pretty basic products which would greatly benefit the Boomer "investor" clients.
Date published: 2017-10-14
Rated 5 out of 5 by from Great features My requirement have been met
Date published: 2017-10-12
Rated 1 out of 5 by from Can't get a by IRA contribution to help figure % of account that is after tax contributions Need easy ability to get by year contributions I made to the account. Most years were after tax and is important as I will need this as I have to withdraw for the first time.
Date published: 2017-10-12
Rated 5 out of 5 by from Always helpful I have found in the Schwab website what I needed
Date published: 2017-10-12
Rated 5 out of 5 by from Great Investment Options Investment options are excellent.
Date published: 2017-10-11
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Rated 1 out of 5 by from NOTHING LIKE OPTIONSXPRESS--I WILL BE TRANSFERRING MY ACCOUNT NOT USER FRIENDLY AT ALL
Date published: 2017-10-10
Rated 5 out of 5 by from Recommend that Preferred stocks be listed in a separate category as opposed to being listed with common stocks.
Date published: 2017-10-10
Rated 2 out of 5 by from The cost basis for the mutual funds are not listed, so it is difficult to determine how it is performing.
Date published: 2017-10-10
Rated 3 out of 5 by from
Date published: 2017-10-09
Rated 5 out of 5 by from Provides all I look for and easy to navigate.
Date published: 2017-10-07
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Date published: 2017-10-07
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Date published: 2017-10-05
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Date published: 2017-10-04
Rated 5 out of 5 by from
Date published: 2017-10-02
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