How to roll over your 401(k) or 403(b)
Aggregating all your investing and savings plans together can help bring your entire financial picture into focus.
Access live advice and support for your rollover1 every step of the way. Get personal guidance on the IRA that best meets your needs and gain confidence as you navigate the tax implications of your retirement savings decisions.
You can also do the rollover yourself. Simply open an IRA online and electronically authorize a transfer into your IRA from the employer-sponsored plan.
Access to live advice and support
A financial advisor in our U.S. Bancorp Investments' Wealth Management Advisory Center is available to help you with all aspects of your rollover, including technical support.
Monday to Friday, 8 a.m to 6 p.m. Central Time
We make it easy to rollover a 401(k) or 403(b) with these two options:
- Authorize a transfer. Authorize a rollover transfer directly into an IRA without penalty or taxes. Some fees may apply.
- Request a check. Request a distribution check payable to you, subject to a 20% federal withholding tax. Roll the amount into an IRA within 60 days to potentially avoid penalties and taxes.
A clear view of your 401(K)
Your rollover is just the beginning.
When you consolidate your accounts you can get a clearer view of how your 401k fits into an overall strategy.
Without a financial plan, every account and every investment can just add to the pile of documents. But when you work with us to develop a comprehensive wealth plan, we can help you see and manage your entire financial picture.
You will be supported by the latest online technology, where you can gain visibility and access to your accounts when, where and how you want.
For illustrative purposes only. Minimum investment levels may apply.
Invest your way
Making sense of your current finances is our starting point for developing your retirement savings plan. We'll tailor your investment strategy to help you work toward your goals for the retirement lifestyle you envision.