How to roll over your 401(k) or 403(b)

Consolidating accounts by rolling over1 your 401(k) or 403(b) into an IRA can help bring your entire financial picture into focus.

Need help with a rollover? We can provide personal guidance every step of the way, from help selecting the IRA that best meets your needs to assistance with navigating the tax implications of your retirement planning decisions.

You can also manage the rollover yourself. Simply open an IRA online and electronically authorize a transfer into your IRA from the employer-sponsored plan.

Rollover options

We make it easy to roll over a 401(k) or 403(b) account. You have 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.

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Your 401(k) rollover is just the beginning

Consolidating accounts can give you a clearer view of how your 401(k) fits into an overall wealth strategy.

Without a financial plan, each new account and investment may just add to your paperwork. It can be easy to lose sight of your goals. But when you work with us to develop a comprehensive wealth strategy, we’ll help you see and manage your entire financial picture.

You’ll be supported by the latest online technology, which provides visibility and access to your accounts when, where and how you want.

Explore wealth planning

IRA options

There are many different types of IRAs, and each is designed to meet a specific set of circumstances. Options vary depending on your income, age and tax situation. We can help you determine which type of IRA best meets your needs.

Learn about IRAs

Invest your way.

Choose the retirement investing approach that fits you best. Whether you want to invest online or prefer personal financial planning guidance offered by a Wealth Management Advisor from U.S. Bancorp Investments or a U.S. Bank Private Wealth Advisor, we have options to meet your needs.

Work with an advisor

Understanding your goals and making sense of your finances is just the starting point for your one-on-one personalized guidance. We’ll help you move forward with a tailored strategy to work toward the future you want.

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Online investing

For convenient automated investing at a low cost, consider Automated Investor. Or, if you want to build and manage your own portfolio, try self-directed investing. Either way, there’s an online investing option from U.S. Bancorp Investments that’s right for you.

Compare options

Insights from our experts

Consolidating retirement accounts: 4 steps to take

Keeping track of your retirement accounts can be a challenge. Following these four steps can help you feel more in control.

Read article

How to roll over your 401(k)

What can you do with a 401(k) account after you leave your job? Explore your options.

Read article

4 benefits of an IRA

Look beyond your 401(k) account or pension to maximize the power of your retirement savings.

Read article

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Disclosures

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  1. A rollover of qualified plan assets into an IRA is not your only option. Before deciding whether to keep an existing plan, or roll assets into an IRA, be sure to consider potential benefits and limitations of all options. These include total fees and expenses, range of investment options available, penalty-free withdrawals, availability of services, protection from creditors, RMD planning, and taxation of employer stock. Discuss rollover options with your tax advisor for tax considerations.

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Wealth Management – U.S. Bank | U.S. Bancorp Investments is the marketing logo for U.S. Bank and its affiliate U.S. Bancorp Investments.

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

This information represents the opinion of U.S. Bank and U.S. Bancorp Investments and is designed to be educational and informative. The views are subject to change at any time based on market or other conditions and are current as of the date indicated on the materials. This is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide recommendations and/or specific advice concerning retirement accounts or investment planning. It is not intended to be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

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For U.S. Bank:

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

U.S. Bank does not offer insurance products. Insurance products are available through our affiliate U.S. Bancorp Investments.

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For U.S. Bancorp Investments:

Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for 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.

U.S. Bancorp Investments is registered with the Securities and Exchange Commission as both a broker-dealer and an investment adviser. To understand how brokerage and investment advisory services and fees differ, the Client Relationship Summary and Regulation Best Interest Disclosure are available for you to review.

Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License #0E24641.

Pursuant to the Securities Exchange Act of 1934, U.S. Bancorp Investments must provide clients with certain financial information. The U.S. Bancorp Investments Statement of Financial Condition is available for you to review, print and download.

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 https://brokercheck.finra.org. An investor brochure describing BrokerCheck is also available through FINRA.

U.S. Bancorp Investments Order Processing Information.

Municipal Securities Education and Protection– U.S. Bancorp Investments is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB). An investor brochure that describes the protections that may be provided to you by the MSRB rules and how to file a complaint with an appropriate regulatory authority is available to you on the MSRB website at www.msrb.org.