Simplify your retirement planning.
Consolidate your savings.
Moving - or rolling over-your retirement savings into a single account can make managing your retirement savings easy and straightforward.*
When you change jobs or retire and have savings left in your former employer's retirement plan, you typically have four options when deciding what to do with your money.
What are the benefits of a rollover IRA?
When you roll over to an IRA, you can maintain the tax-deferred status of your retirement savings when you follow the IRA rules.
You can also combine 401(k)s from past jobs and other qualified accounts into one easy-to-manage spot.
Because your rollover IRA isn't connected to any employer, you get to make the decisions. You're able to choose when and how you contribute to it, up to the annual contribution limit.
You can choose from a wider range of investment options-and if you need help deciding, our financial professionals can cut through the clutter and do the heavy lifting for you.
How to rollover funds into an IRA
Here's a quick review of how the process goes when rolling over your former employer's retirement account into an IRA.
Decide how you want to manage the account.
Decide how you want the money taxed.
Fund your account.
Choose your investments.
Learn more about how to open a rollover IRA.
Open your IRA in about 10 minutes.Open a new IRA
Give us a call.
Help is within reach. Let our financial professionals do the heavy lifting for you.
Monday - Friday,
8 a.m. to 5 p.m. CT
Already do business with Principal?
Whether you have a retirement plan with Principal from an old employer or any other product, you can get everything consolidated in a few steps.
Either log in to your account or call us at 800-547-7754 and our retirement specialists can help you get the process started.
* When deciding between an employer-sponsored plan and an IRA you should consider the differences in investment options and risks, fees and expenses, tax implications, services and penalty-free withdrawals for your various options. The organization’s retirement plan investment options may have investment expenses lower than similar investment options offered outside the plan. There may be other factors to consider due to your specific needs and situation. You may wish to consult your tax advisor or legal counsel.
|Investment and Insurance products are:
• Not Insured by the FDIC or Any Federal Government Agency
• Not a Deposit or Other Obligation of, or Guaranteed by, Principal Bank or Any Bank Affiliate
• Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested
This document is intended to be educational in nature and is not intended to be taken as a recommendation.