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INVESTING GOALSRoll over your 401(k)

We can help you move over a 401(k) or other eligible retirement account(s) into an Individual Retirement Account (IRA) at J.P. Morgan Wealth Management.

Get started to Roll over your retirement account

How we can help with retirement

  • Manage investments yourself online or partner with a J.P. Morgan Advisor
  • Take advantage of J.P. Morgan expertise with our educational resources
  • Access and control your accounts at chase.com and in the Chase Mobile® App
  • Invest using retirement accounts and take advantage of potential tax benefits

Know your rollover options

You may be able to keep your retirement savings in your previous employer’s plan, roll it over to your new employer’s plan, or roll it into an IRA.

 

Compare the pros and cons: consider which investments are available within each account, what fees you may have to pay, and whether other factors apply, like the ability to borrow money from your 401(k).

 

If you leave your 401(k) or other retirement account with your previous employer’s plan, don’t forget about it. Make sure you have a holistic view of your retirement picture.

 

You may also choose to consolidate all your traditional IRAs into one traditional IRA, or all your Roth IRAs into one Roth IRA, if eligible. This move can help you track your retirement savings more easily.

Ready to roll over?

We can help you get started. Moving your 401(k) or other eligible retirement account(s) may only take a few steps.

Don't have an IRA?

Let us help you get set up.

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Frequently Asked Questions

There are different kinds of rollovers. In a direct rollover, assets from your employer-sponsored qualified retirement plan–e.g., a 401(k), 403(b) or 457(b) account–are paid directly to the receiving IRA on your behalf (as the plan participant/employee). In an indirect rollover, the plan distributes the assets to you (the participant/employee), and you have 60 days after receiving the funds to roll them over to an IRA or other eligible retirement plan. (Keep in mind: Unlike IRA-to-IRA rollovers, you can roll over assets from an employer-sponsored retirement plan more than once every 12 months.)

 

When you’re reviewing your available options for your retirement plan assets, evaluate the investment and non-investment considerations we describe in “Making Informed Rollover Decisions” (PDF). You should consult with the plan administrator and a professional tax advisor before making any decisions about your retirement assets.

 

For step-by-step instructions, see our guide on how to roll over retirement assets.

As further described below, you can roll over assets distributed from an IRA (indirectly) and from an employer-sponsored qualified retirement plan (e.g., 401(k), 403(b) or 457(b)) account (directly or indirectly).

Direct rollover—If you’re getting a distribution from an employer-sponsored qualified retirement plan, you can ask your plan administrator to make the payment directly to another eligible retirement plan or to an IRA. Contact your plan administrator for instructions. The administrator may issue your distribution in the form of a check made payable to your new account. No taxes will be withheld from your rollover amount.

 

Trustee-to-trustee transfer—If you’re getting a distribution from an IRA, you can ask the financial institution holding your IRA to make the payment directly from your IRA to another IRA or to an eligible retirement plan. No taxes will be withheld from your transfer amount.

 

Indirect/60-day rollover—If a distribution from an IRA or a qualified retirement plan is paid directly to you, you can deposit all or a portion of it in an IRA or eligible retirement plan within 60 calendar days. Taxes will be withheld from an eligible rollover distribution from a qualified retirement plan, so you’ll have to use other funds to roll over the full amount of the distribution.

Yes, generally speaking you can combine rollovers and contributions in the same IRA. However, Traditional IRA dollars and Roth IRA dollars must be kept in separate accounts.

To roll over your IRA, first open a J.P. Morgan traditional or Roth IRA. Once your account is open, go to our Brokerage Forms and choose “Account Transfer Form” under “Money & Asset Transfer." Complete the form and send it to the address provided. If you’d like help, you can call us at 1-800-392-5749, Monday–Friday from 8 AM to 9 PM and Saturday from 9 AM to 5 PM ET.

 

Learn more about how to roll over funds to a J.P. Morgan IRA.

 

If you’re interested in opening a managed retirement account, please go to your local Chase branch and speak with a J.P. Morgan advisor.

To convert your J.P. Morgan Traditional IRA to a J.P. Morgan Roth IRA, go to our Brokerage Forms page and choose "Roth Conversion." 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 advisor. If you need help, you can call us at 1-800-392-5749, 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.

There are some assets that can’t be transferred to J.P. Morgan Securities. For J.P. Morgan accounts, the following securities (which may change at any time) are NOT eligible for transfer:

 

  • Cash overdrafts
  • Annuity contracts
  • Short security positions
  • Options
  • Physically held securities
  • Notional investments/memo positions (e.g., CDS, TBA contracts, time deposits)
  • Penny stocks
  • Alternative investments (includes any non-publicly traded stock or bond)
  • Legal documents/contracts
  • Partnership shares
  • Margin balances
  • Structured notes

 

If you try to transfer any of these, we may have to cancel the whole transfer request.

 

For J.P. Morgan Portfolios accounts: If you have securities that aren’t in the J.P. Morgan Automated Investment model, we’ll sell them for cash to invest into your account, or ask you to transfer them to a J.P. Morgan Self-Directed Investing or other brokerage account if they’re eligible.

Yes, you may roll over an existing IRA to your J.P. Morgan IRA. You can get started by opening an IRA here.

It'll take about 3 to 5 business days to complete the transfer of your account if it is between ACAT eligible institutions. It can take between 7 to 30 calendar days if the transfer is between non-ACAT eligible institutions. We'll notify you via e-mail each time the status of your transfer changes.

 

Note: The ACAT (Automated Customer Account Transfer) service is a system that facilitates the transfer of securities from one investment account at a financial institution to another financial institution.

No, we don’t charge a fee for transfers. However, the institution that you’re moving assets out of may charge a fee, so you should check with them before scheduling a transfer.

 

Learn more about different ways to fund your account.

Your plan administrator and/or a professional tax advisor can help you make an informed decision about your retirement assets. Together you can evaluate your options in light of your priorities to help identify which one is most suitable for your situation.

Yes, you can transfer an external investment account to your J.P. Morgan account. If you have securities that aren’t in the J.P. Morgan Automated Investing model, we’ll sell them for cash to invest into your account, or ask you to transfer them to a J.P. Morgan Self-Directed Investing or other brokerage account. The sale of these securities could create a taxable event.

We’ve made it easy to transfer securities from your external financial institution to your J.P. Morgan investment account. You can set up a full account transfer at chase.com:

 

  1. On your Accounts page, go to the menu bar and open the “Pay & transfer” menu.
  2. Choose “Transfer securities,” then follow the instructions to schedule your transfer.

 

(Right now, we only support full account transfers online.)

 

If you’d like to set up a partial transfer, or if your account contains ineligible securities, please go to our Brokerage Forms page and complete the “Account Transfer Form.”

 

Ineligible securities include cash overdrafts, annuity contracts, short security positions, options, physically held securities, notional investments/memo positions (e.g., CDS, TBA contracts, time deposits), penny stocks, alternative investments, legal documents/contracts, partnership shares, margin balances, structured notes.

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