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Rollover Center

Know your rollover, transfer and consolidation options for your retirement accounts

Why roll over to an IRA?

When you leave an employer, you typically have four options for what do with your savings from a qualified employer sponsored retirement plan (QRP) such as a 401(k), 403b or governmental 457b.

How to roll over

Rolling over is easier than you may think. Let us show you how.

Get started

Wells Fargo Advisors offers a number of ways you can work with us.

Please keep in mind that rolling over your QRP assets to an IRA is just one option. You generally have four options for your QRP distribution:

  1. Roll assets to an IRA
  2. Leave assets in your former employer’s QRP, if QRP allows
  3. Move assets to your new/existing employer’s QRP, if QRP allows
  4. Take your money out and pay the associated taxes 

Each of these options has advantages and disadvantages and the one that is best depends on your individual circumstances. When considering rolling over your assets from a QRP to an IRA, factors that should be considered and compared between QRPs and IRAs include fees and expenses, services offered, investment options, when you no longer owe the 10% additional tax for early or pre-59 ½ distributions, treatment of employer stock, when required minimum distributions begin and protection of assets from creditors and bankruptcy. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with QRPs. You should consult with the plan administrator and a professional tax advisor before making any decisions regarding your retirement assets.

We’re here to help with your retirement and distribution choices Request a Consultation

Call us 1-877-493-4727

Transfer your IRA to Wells Fargo

Do you have multiple Individual Retirement Accounts (IRAs)? You can consolidate IRAs you have at other institutions to your IRA at Wells Fargo. Learn how to transfer an IRA to Wells Fargo.

Learn about Roth IRA conversion

You may gain tax benefits by converting all or a portion of your Traditional IRA or eligible rollover distributions from your QRP into a Roth IRA. Please verify with your plan administrator that your distribution is eligible for a rollover/conversion. Be sure to talk with your tax advisor before converting because Roth conversions cannot be recharacterized or undone. Is a Roth conversion right for you?

Short of cash? Be cautious

It may be tempting to pull money out of your 401(k) to cover a financial gap. Or, when you are considering rolling money over from a 401(k) to an IRA, you may wish to roll over only a portion of your retirement savings and take the rest in cash. But do you know the true cost? Use our 401(k) Early Withdrawal Costs Calculator first.