You can move assets from an old 401(k) plan into a new IRA account without incurring fees or penalties from the IRS. The best places to rollover 401(k)s offer simple transfers with minimal paperwork and no additional fees.
Many top IRA providers offer IRA rollover bonuses or IRA rollover promotions. The best 401(k) rollover bonus aligns with your retirement goals, budget, and resources.
When investing in the best 401(k) rollovers, get the most out of your retirement savings plan with a flexible IRA from top online brokerages. These platforms offer competitive pricing, financial planning services, and robust trading tools.
Compare each IRA provider thoroughly to understand the different rollover rules. Also, ensure you know the tax implications of a 401(k) rollover before moving your assets.
Here are the best rollover IRA accounts that Business Insider's editors picked in 2024.
Top Places to Roll Over Your 401(k) in 2025
- Fidelity IRA: Best overall rollover IRA
- SoFi IRA: Best rollover IRA for beginners
- Vanguard Personal Advisor: Best rollover IRA for advanced investors
- Betterment IRA: Best rollover IRA for socially responsible investing
- Wealthfront IRA: Best rollover IRA for large accounts
- Charles Schwab IRA: Best rollover IRA investment options
Featured IRA Rollover Options
$0
0%
Traditional IRAs, Roth IRAs, and SEP IRAs
- No minimums or fees
- Certified financial planner access
- No tax-loss harvesting
- Limited investment selection
SoFi is a great choice for traditional IRAs. In addition to other investing, loans and savings options, the advisor provides Roth and SEP IRAs.
SoFi IRA- Consider it if: You're new to investing and want a variety of low-cost retirement, investing, and savings options.
- App store rating: 4.8 iOS/4.3 Android
$500
0.25%; 0.06 - 0.13% for low-cost investment funds
Traditional IRAs, Roth IRAs, and SEP IRAs
- Low annual fee for investment accounts; crypto trust investments available
- Tax-loss harvesting
- Mobile app and investing and retirement tools
- Offers traditional, Roth, and SEP IRAs
- You need at least $100,000 to utilize additional investment strategies
- No human advisor access
Wealthfront is one of the best robo-advisor options if you're in search of low-cost automated portfolio management, and one of the best socially responsible investing apps for features like tax-loss harvesting, US direct indexing, and crypto trusts.
Wealthfront IRA- Consider it if: You're looking for goal-based strategies for retirement and other savings goals.
- App store rating: 4.8 iOS/4.6 Android
Fidelity Rollover IRA: Overall Best Rollover IRA
You can invest in a Fidelity IRA for as little as $10. Fidelity is our top pick for the best rollover IRA account because it is suitable for both passive and active investors and offers self-directed and robo-advisor options.
Fidelity Go invests your funds in a blend of domestic and foreign stocks, bonds, and other short-term investments. Fidelity Go accounts now get unlimited access to one-on-one coaching calls.
A Fidelity retirement account gets you access to a handful of helpful tools and retirement calculators, including the guaranteed income estimator and the retirement strategies tax estimator. Moreover, you can open a brokerage account within your retirement savings account to access a broader range of investment options.
If your account balance is over $25,000, you may have to pay a 0.35% advisory fee. Fidelity charges higher margin rates than most competitor platforms. Fidelity Go doesn't offer tax loss harvesting. There are also additional fees for phone or broker-assisted trades.
Fidelity Investments has a rating of 4.8/5 on the Apple Store and 4.6/5 on Google Play.
Pros of a Fidelity rollover IRA:
- No opening fees or minimums
- Self-directed and automated account options
- 24/7 customer support
Cons of a Fidelity rollover IRA:
- Required $50,000 minimum for access to a team of advisors and $500,000 minimum for a dedicated advisor
SoFi Rollover IRA: Best for Beginners
SoFi Rollover IRA is one of the best places to roll over a 401(k) after retirement. It is a prominent choice for rolling 401(k) funds into a new traditional IRA or Roth IRA. You can open your SoFi IRA as a self-directed or automated retirement account. It also offers a 1% match on rollovers and contributions*.
Even though anyone can benefit from a SoFi rollover IRA account, its easy-to-use interface and straightforward planning/goal tools make it one of the best investing apps for beginners. Moreover, SoFi IRA has no minimum for opening an account and no account or trading fees.
SoFi Active Invest® provides clients with retirement-focused financial tools and planning resources, such as access to SoFi® financial planners, auto-rebalancing (limited to automated accounts), goal-building tools, and additional member benefits.
SoFi has a rating of 4.8/5 on the Apple Store and a 4.1/5 on Google Play.
Pros of a SoFi rollover IRA:
- No contribution limits for IRA rollover
- 1% match benefit on IRA rollovers
- Self-directed and automated account options
- CFP access
Cons of a SoFi rollover IRA:
- Limited to US assets
- No tax-loss harvesting for automated accounts
Vanguard Rollover IRA: Best for Advanced Investors
Vanguard is a retirement saving and planning powerhouse. The Vanguard Group offers two automated account options: Vanguard Personal Advisor and Vanguard Digital Advisor.
Vanguard Personal Advisor provides digital management and ongoing financial advice from fiduciary advisors.
You can roll over a past employer-sponsored 401(k) or 403(b) account into a new or existing traditional or Roth Vanguard IRA. You can invest in Vanguard's diversified blend of US and internal exchange-traded funds (ETFs), mutual funds, and ESG investing portfolios.
Vanguard's fiduciary advisor provides users with ongoing investment guidance, goal-building advice, and active portfolio management. Vanguard Personal Advisor also offers tax-loss harvesting, the convenience of a robo-advisor, and a customized financial plan.
Only investors that can meet Vanguard Personal Advisor high $50,000 minimum should open an account. Plus, the more money in your account, the lower the advisory fee.
Vanguard has a rating of 4.7/5 on the Apple Store and 3.4/5 on Google Play.
Pros of a Vanguard rollover IRA:
- No minimum to rollover funds into a Vanguard IRA
- Large range of retirement planning resources, tools, and educational resources
Cons of a Vanguard rollover IRA:
- Vanguard mutual funds have a minimum ranging from $3,000 to $50,000
- "F" rating from the Better Business Bureau
Vanguard Personal Advisor review
Betterment Rollover IRA: Best for Socially Responsible Investing
Betterment Investing is a robo-advisor that creates professionally built, personalized, low-cost ETF and cryptocurrency portfolios. If you're looking to invest in businesses that align with your values, Betterment is a great choice. It's one of the best socially responsible investing apps out there.
Betterment offers multiple socially responsible, Smart Beta, cryptocurrency, and BlackRock Target Income portfolios. There's no minimum investment requirement to open an account with Betterment (unless you open a Premium plan), and fees are generally low. Betterment also offers tax loss harvesting features.
Betterment is offering up to $1,000 for new accounts, including IRAs. However, to earn the full promotion offer, you would need to deposit at least $175,000 in your Betterment account.
A Betterment rollover takes 7-10 business days to be completed.
Betterment has a rating of 4.8/5 on the Apple Store and 4.7/5 on Google Play.
Pros of a Betterment rollover IRA:
- $0 minimum to rollover assets into a new Betterment IRA
- Free one-time consultation with Betterment advisor when transferring $20,000 or more
- SIPC coverage up to $500,000
Cons of a Betterment rollover IRA:
- $4 monthly management fee or 0.25% annually
- To access ongoing CFPs from Betterment, you must have at least $100,000 in your account
Wealthfront Rollover IRA: Best for Large Accounts
Wealthfront Investing is a competitive, low-cost robo-advisor for ESG investing and crypto trusts. Both beginners and experienced investors can use Wealthfront.
While you only need $1 to start investing with Wealthfront, it's best for larger account balances since you need at least $100,000 to access Wealthfront's direct indexing and risk parity investing strategies.
Wealthfront also offers crypto exposure in your retirement account through bitcoin and ethereum trusts.
Wealthfront IRAs charge a 0.25% management fee.
Investors can roll over a 401(k), 403(b), or 457 plan to a Wealthfront traditional or Roth IRA. Wealthfront also offers tax loss harvesting, auto rebalancing, and smart beta technology. The platform offers dividend growth stocks, emerging market stocks, corporate bonds, ETFs, index funds, and a high-yield bond portfolio.
Wealthfront has a rating of 4.8/5 on the Apple Store and a 4.8/5 on Google Play.
Pros of a Wealthfront rollover IRA:
- SIPC coverage up to $500,000
- Tax-loss harvesting
- Crypto-exposure
Cons of a Wealthfront rollover IRA:
- Stock-level tax loss harvesting requires a $100,000 minimum
- $500 minimum to open an account
Charles Schwab Rollover IRA: Best for Investment Options
Charles Schwab is one of the top brokerages for all kinds of investors, especially retirement-focused individuals wanting to invest funds in multiple asset classes. Charles Schwab is also featured as one of our best brokerages to trade commodity futures.
Charles Schwab offers stocks, bonds, ETFs, CDs, index funds, and mutual funds. The brokerage also offers low fees, no account minimum, and commission-free trading. You can easily roll over your 401(k) plan into a traditional or Roth IRA. Charles Schwab offers both self-directed and automated accounts. But automated accounts only invest in low-cost ETFs, which include Schwab ETFs.
Charles Schwab IRAs get you access to the brokerage's selection of retirement tools, planning calculators (including retirement savings calculator and RMD calculator), the latest market commentary, and insight and investing ideas from Schwab experts.
Schwab has a rating of 4.8/5 on the Apple Store and 2.5/5 on Google Play.
Pros of a Schwab rollover IRA:
- No minimum to open a standard IRA
- Investment advice and market insight available from Schwab experts
- Self-directed and automated accounts are available
Cons of a Schwab rollover IRA:
- Charles Schwab's automated investing platform (Schwab Intelligent Portfolios) requires a much higher minimum ($5,000 minimum or $25,000 for Portfolios Premium)
Charles Schwab brokerage review
Why Roll Over Your 401(k)?
If you have a previous employer's 401(k) plan, you can roll over the assets from that account into a new IRA to keep your tax-advantaged retirement plan without tax penalties. As long as the condition of your existing 401(k) permits a rollover, you can open either a traditional or Roth IRA with some of the best 401(k) rollover companies.
Rolling over your 401(k) gets you more investment flexibility, increased control over your account, lessens your tax burden, and consolidates your retirement savings in one place. The best places to rollover 401(k)s include top brokerages like SoFi rollover IRA, Vanguard rollover IRA, and Fidelity rollover IRA.
Top Places to Roll Over Your 401(k) in 2025
- Traditional IRA: A rollover into a traditional IRA account offers the benefit of tax-deductible contributions, tax-deferred growth, and a wide range of investment options. A traditional IRA is best if you believe you will be in a lower tax bracket in retirement than your working years.
- Roth IRA: A rollover into a Roth IRA account offers the benefits of tax-free withdrawals in retirement, no RMDs, and more flexible contribution rules. You should only transfer a 401(k) into a Roth IRA tax and penalty-free if your 401(k) were originally funded by after-tax dollars.
- Brokerage Account: You can roll over your 401(k) plan into a brokerage account for greater investment flexibility and no contribution limits or withdrawal rules. But you will lose your tax advantages. The rolled-over funds will be taxed as net income, plus a 10% premature withdrawal fee.
- Robo-Advisor: Similar to a brokerage account, you can roll over your 401(k) into an automated robo-advisor to passively grow your income and allocate your portfolio. However, you will lose the tax advantages of investing in a 401)k) as well as incur an additional 10% penalty fee.
Why You Should Trust Us: Our Expert Panel For The Best Rollover IRAs
We interviewed the following investing experts to see what they had to say about IRA rollovers.
- Sandra Cho, RIA, wealth manager, and CEO of Pointwealth Capital Management
- Tessa Campbell, Investment and retirement reporter at Personal Finance Insider
What are the advantages/disadvantages of rolling over assets into a new IRA?
Sandra Cho:
"Specifically for rolling over an employer-sponsored retirement plan, the advantages are numerous. Rolling over this account will provide you with greater investment options and increased transparency compared to keeping the 401(k) with the previous fund company.
"You also will not be charged any taxes or fees on the transfer. The fees associated with the actual investments in the account will likely go down as 401(k) typically have higher-cost funds.
"The disadvantages are little. Depending on the previous fund company, a disadvantage could be the hassle it may take to get the account transferred. Sometimes, this may require a liquidation of the account and a check sent to the individual. In this case, the individual must make sure they deposit the funds as soon as possible into the new account to avoid paying penalties."
Tessa Campbell:
"Rolling over your old 401(k) assets into a new IRA has a number of advantages, including lowering the cost of management fees, increased control over your investments, and more investment options. Moreover, having all your assets in one place is simpler if you already have an existing IRA.
"The disadvantage of an IRA rollover is that you may have to pay income tax if you roll over funds into a Roth IRA. Plus, you may lose any potential existing benefits of your old 401(k) plan. Any company stock in your old 401(k) plan may not be eligible for a rollover."
Who should consider rolling over assets into a new account?
Sandra Cho:
"Anyone who has an old employer-sponsored retirement plan and no longer is an employee of that firm should consider rolling assets into a new account. It really is a no brainer and can boost your long-term return."
Tessa Campbell:
"You should consider rolling over assets from an old 401(k) account if you're no longer employed by the company that originally offered the plan. Once you leave that employer, you'll lose any unvested money or stock in your 401(k) and the high management fees.
"You can roll over assets from an old 401(k) either into an IRA or a new 401(k) — as long as your old plan's policy allows it."
Is there any advice you'd offer someone who's looking to roll over an old 401(k) into a new IRA?
Sandra Cho:
"I would advise them to reach out to their old 401(k) provider as soon as possible. They need to make sure that they know all the details about how to rollover their account and have to remain persistent. Sometimes 401(k) companies do not have the best customer service and are delayed in their responses or actions."
Tessa Campbell:
"Make sure to roll over the old 401(k) assets into a new IRA or 401(k) plan within 60 days of leaving your previous employer, or you may receive additional taxes or penalty fees. If you have trouble finding your old 401(k) plan, you can use services like Capitalize or Meet Beagle for help."
Methodology: How We Reviewed The Best Rollover IRAs
We used Business Insider's methodology for rating investment platforms when reviewing online brokers offering 401(k) rollovers to find the best platforms for investment options, low fees and minimums, portfolio types, human advisor access, and customer service.
We also favored platforms offering various other features and products, such as tax-loss harvesting, robo-advisor access, and market research. Investment platforms are given a rating between 1 and 5.
IRA Rollover FAQs
Is it a good idea to roll over your IRA?
Rollover IRAs are often a good idea since IRAs offer more investment options than 401(k) plans, tax advantages, and increased payout options. Plus, if you want to be more hands-on, some brokers offer self-directed IRAs and IRAs for active investors.
What are the disadvantages of a rollover IRA?
Some disadvantages of a rollover IRA include higher fees, no employer match, no loan options, and less creditor protection. Also, if you have stock from your previous employer in your 401(k), you may not be able to roll it over into your new account.
How does an IRA rollover work?
To roll over an existing IRA or 401(k) plan, you can open a new account with either an online or traditional broker. If the broker is eligible for IRA rollovers, you can transfer the asset in your old account into your new account. But keep in mind that company stocks or unvested money won't be eligible to roll over.
Sofi Active Invest: Investments are not FDIC-insured - Are not bank-guaranteed - May lose value - Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).
Must be a SoFi Plus member at the time a recurring deposit is received into your SoFi Active or Automated investing account to qualify. Bonus calculated on net monthly recurring deposits made via ACH and paid out as Rewards Points. See Rewards Terms of Service. SoFi reserves the right to change or terminate this promotion at any time without notice. See terms and limitations. https://www.sofi.com/sofiplus/invest/#disclaimers.
SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth's advisory operations, services, and fees is set forth in SoFi Wealth's current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.
Customer must fund their Active invest account with at least $50 within 30 days of opening the account. Probability of customer receiving $2,000 is 0.028%. See full terms and conditions at https://www.sofi.com/greenintwoterms/.
