INVESTING GOALSExplore rolling over your 401(k)
We can help you move over a 401(k) or other eligible retirement account(s) into a tax-advantaged individual retirement account (IRA) at J.P. Morgan Wealth Management.
To roll over your retirement assets, you need an eligible IRA. Don’t have one yet? Open a J.P. Morgan IRA.
Have questions or need help with your rollover process? Call us Monday–Friday from 8 AM to 9 PM ET and Saturday from 9 AM to 5 PM ET.
Learn more about 401(k) rollovers
What is a rollover?
A rollover helps you continue to save for retirement once you leave a job by keeping your tax savings, moving eligible assets from your previous employer’s retirement plan and funding your IRA without tax penalties.
What types of accounts can I roll over?
You can roll over assets from an employer-sponsored qualified retirement plan (e.g., 401(k), 403(b) or 457(b)) after a qualifying event, such as leaving your former employer, directly to an IRA.
How do I start a rollover?
To get started, you need to have an eligible J.P. Morgan IRA. Learn how to start a rollover.
Benefits of rolling over to a J.P. Morgan IRA
Holistic view
Consolidate your eligible 401(k) or other retirement accounts and keep track of your investments—in the Chase Mobile® app or at chase.com.
Dedicated support
Get the guidance you need to help you with your rollover process. The Retirement Desk is available Monday–Friday from 8 AM to 9 PM ET or Saturday from 9 AM to 5 PM ET at 1-833-829-6472.
Powerful tools
Use J.P. Morgan Wealth Plan® to set and track your retirement goals, and get personalized insights to guide you on your journey.
Thousands of investments
Take control of your investments with unlimited $0 commission online trades.
Which IRA account should I roll over to?
Not sure what type of employer-sponsored plan you have? Contact your current provider.
I WANT MY EARNINGS TO STAY TAX-DEFERRED Traditional IRA
Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
I WANT MY EARNINGS TO STAY TAX-DEFERRED Traditional IRA
Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
I WANT MY EARNINGS TO STAY TAX-FREE Roth IRA
Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
I WANT MY EARNINGS TO STAY TAX-FREE Roth IRA
Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
Ready to roll over?
Opening an IRA and moving your 401(k) or other eligible retirement account(s) may only take a few steps.
Looking to transfer your external IRA to J.P. Morgan?
Moving your external IRA, brokerage or other investments to J.P. Morgan can help you consolidate your investment portfolio.
Frequently asked questions
There are different kinds of rollovers. In a direct rollover, assets distributed from an employer-sponsored qualified retirement plan (e.g., 401(k), 403(b) or 457(b) account) are payable directly to the receiving IRA or eligible retirement plan custodian/trustee, for the benefit of the participant. With an indirect rollover, the assets are distributed to the participant/employee, who has 60 days after the date of receipt to roll over the distributed funds to an IRA or eligible retirement plan. Note, indirect rollovers are limited to one in a twelve month period whereas, direct rollovers do not have that restriction.
There are some key factors to consider when rolling over funds from an employer-sponsored retirement plan. Learn more about these options in our guide “Making Informed Rollover Decisions” (PDF).
Speak to your tax or legal professional if you have questions about what’s right for you.
You can roll over assets from an employer-sponsored qualified retirement plan (e.g., 401(k), 403(b) or 457(b)) after a qualifying event directly to an IRA or vice versa. These direct rollovers are reportable events that do not incur withholding, and there are no limits on the number of direct rollovers you may have in a 12 month period. If you take receipt of the assets (either from a qualified retirement plan or an IRA) before depositing them into another qualified plan or IRA, this is an indirect rollover which is limited to one in any 12 month period. Indirect rollovers that are redeposited within 60 days are reportable but do not incur withholding.
A rollover involves moving funds from one type of retirement account to another, typically from an employer-sponsored plan—like a 401(k) or 403(b)—to an IRA or another employer-sponsored plan. There are two types of rollovers:
- Direct rollover—the distribution from an employer-sponsored qualified retirement plan is made payable directly to another eligible retirement plan or IRA, or from an IRA directly to an employer-sponsored qualified retirement plan. No taxes will be withheld from your rollover amount.
- Indirect/60-day rollover—the distribution from a qualified retirement plan is paid directly to you via check or electronic transfer for deposit to your personal account, and then you move all or a portion of the amount to an IRA or eligible retirement plan within 60 calendar days. The amount rolled over will be tax-deferred. There is a limit of 1 indirect rollover in a 12-month period.
An IRA transfer occurs when you move money directly from one IRA to another IRA of the same type (ie: Traditional IRA to Traditional IRA, or Roth IRA to Roth IRA) even if it is with a different financial institution. No taxes will be withheld from your transfer amount.
A Traditional IRA has tax-deferred growth potential. Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
A Roth IRA has tax-free growth potential. Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
Yes, generally speaking you can combine rollovers and contributions in the same IRA. However, Traditional IRA and Roth IRA funds must be kept in separate accounts.
To convert a Traditional 401(k) to a Roth IRA, you’ll need to roll over your 401(k) to a Traditional IRA first, then convert it to a Roth.
To convert your J.P. Morgan Traditional IRA to a J.P. Morgan Roth IRA:
- Go to our Brokerage Forms page and choose the "Roth IRA Conversion Request" form.
- Complete the form and send it to the address provided. There are eligibility requirements for a Roth IRA so make sure you speak to your tax professional.
If you need help, you can call us at 1-833-829-6472, Monday-Friday from 8 AM to 9 PM and Saturday from 9 AM to 5 PM ET. If you have a managed retirement account, please work directly with your J.P. Morgan advisor to convert your account.
No, J.P. Morgan doesn’t charge fees for rollovers. However, the institution that you’re moving assets out of may charge a fee. You should check with them before scheduling a rollover.
Additionally, while J.P. Morgan doesn’t charge fees for the transfer itself, there may be fees associated with the products and services related to your account after the transfer. To learn more, please refer to our Guide to Investment Services and Brokerage Products (PDF).
Yes, you can transfer an an existing IRA to your J.P. Morgan IRA. Learn more about transferring your external IRA and other investments to a J.P. Morgan investment account.
Our Retirement Desk is available Monday–Friday from 8 AM to 9 PM ET or Saturday from 9 AM to 5 PM ET, at 1-833-829-6472. You can also contact your J.P. Morgan advisor if you have one, or your tax or legal professional.