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Roll Over Your 401(k)

Roll Over Your 401(k)

We help to make rolling over an old retirement savings plan from a former employer easy for you.

Now that you and your employer have parted ways, you have options regarding your 401(k) account. U.S. Bank and U.S Bancorp Investments, Inc. can help you take advantage of a rollover to an IRA. A rollover may not only help preserve the tax-advantaged retirement earnings you've worked so hard to build, but may also help you put the money to work for your future and your family.

  • People often consider a rollover to an IRA to be a good choice. Other options include cashing out your 401(k), leaving the money in the former employer’s plan or rolling it into your new employer’s plan.

    If you hold multiple retirement accounts at one or more institutions, consolidating them all into a single IRA account may help simplify the management of your retirement savings.

    Retirement Plan Distribution Planner Calculator
    401(k) Rollover Calculator

     

The IRA Rollover: Potential Advantages, Greater Flexibility

An IRA rollover may provide you with the freedom to invest your money your way. Like a 401(k), an IRA has the potential to help keep retirement money growing tax-deferred, but with two possible advantages – flexibility and control.

  • The potential benefits of rolling your employer retirement plan assets to an IRA can include:

    • A broad range of investment choices
    • The option of one-on-one guidance and regular review of your investments
    • The opportunity to consolidate other accounts, consolidate the management of your investments and simplify tax reporting
    • After your death, flexible options for withdrawals with potential tax benefits for your beneficiaries
    • Additional strategies that can be customized to help meet your specific needs

    To some, the biggest disadvantage of leaving your money in your former employer’s retirement plan may be that no one will be watching over your account, reviewing your options and helping you prepare for your future. With an IRA at either U.S. Bank or U.S. Bancorp Investments, you can choose from many investment options, and you'll have the ability to easily monitor and make changes as your needs and goals change. And you can get the personal attention you may have been missing.

Eligibility

Individuals who have changed jobs or retired and have left savings in a former employer’s plan may be eligible to roll retirement savings to their new employer’s workplace savings plan (i.e., 401(k), 403(b), governmental 457(b)) or to an IRA.

Getting Started

To roll funds from an old 401(k) account into an IRA, you’ll need your account number(s) and recent statements. If you don’t have that information on hand, contact your former employer. In addition, you’ll need to complete required paperwork from your former employer, and paperwork to establish your rollover IRA at either U.S. Bank or U.S. Bancorp Investments.

Next Steps

IRAs and Retirement

Use Our Calculators

Investment Management

The right investment tools may play a critical role in working toward your retirement goals. Compare the potential tax advantages of Individual Retirement Accounts.

Customize scenarios for:

  • Retirement
  • Education
  • 401(k)
  • Insurance

We offer sophisticated investment management experience and a wide range of investment options.

Investment products and financial services are provided through U.S. Bank and/or its affiliate, U.S. Bancorp Investments.

Investment products are:

Not a Deposit Not FDIC Insured May Lose Value Not Bank Guaranteed Not insured by any Federal Government Agency

U.S. Bank, U.S. Bancorp Investments, Inc. and their representatives do not provide tax or legal advice. Each individual's tax and financial situation is unique. Clients should consult their tax and/or legal advisor for advice and information concerning their particular situation.

Rebalancing does not protect against loss or ensure a profit.

For U.S. Bank:

U.S. Bank is not responsible for and does not guarantee the products, services or performance of affiliates.

For U.S. Bancorp Investments, Inc.:

Investment products and services are available through U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank.

The Financial Industry Regulatory Authority (FINRA) Rule 2267 provides for BrokerCheck to allow investors to learn about the professional background, business practices, and conduct of FINRA member firms or their brokers. To request such information, contact FINRA toll-free at 1.800.289.9999 or via www.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

Get Started

Invest with an Advisor

Work with a dedicated advisor. For people with $100,000 or more to invest.

Call to Invest

Talk to a Financial Consultant at U.S. Bancorp Investments. For people with $1,000 - $100,000 to invest.

Invest on Your Own

Set up a self-directed online brokerage account or IRA account with U.S. Bancorp Investments.

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