4 Steps to Rolling Over an IRA

How to rollover a 401(k) to an IRA

By Lisa Kopp, IRA Supervisor and Guest Blogger

Since starting in the Scottrade IRA department 10 years ago, I can say one of the most common questions we receive is, “How do I roll over funds to an IRA?” If you decide to roll over funds and have that same question, here are some steps which can help.

  1. Contact your plan administrator or financial institution where you currently have your retirement account – such as 401(k) or 403(b). Let them know you want to roll over your qualified plan. You will want to ask them what paperwork will be required, along with what fees or penalties may be charged. 
  2. Open your Scottrade IRA account. This can be done at your Scottrade branch or online. You will want to have an IRA account established first, so when the funds are requested to be rolled over they go directly to that new account.
  3. Complete and submit the required rollover paperwork from your plan administrator or financial institution. Be aware, some rollover paperwork requires you to include your new IRA account information or a fund acceptance letter from Scottrade. We will work with you one-on-one to answer your questions and help you complete the rollover paperwork. You don’t want to have any errors or miss checking an important box because it could delay getting the funds rolled over to your new IRA. If you find the required rollover paperwork confusing, you’re welcome to bring the paperwork to a local Scottrade branch or call our National Service Center at 1-800-619-7283.
  4. Sign and submit all forms to your plan administrator or financial institution and Scottrade.

With the right help from Scottrade, your rollover can be an easy process and one that can help put you in control of your investments.

Need More Information? Keep Learning

Considering a Rollover? Start here.

Lisa, started in the Scottrade IRA department in October 2004. She handles IRA rollovers, distributions and answering client IRA questions.

Scottrade does not provide tax advice. This material is for informational purposes only. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

Before making any rollover decisions, investors should research and consider all available retirement options carefully. Your decision should reflect consideration of various factors, including the benefits and penalties involved. Some of these factors include, but are not limited to, investment or account related fees and expenses, differing levels of service available, withdrawal penalties, creditors and legal protections, required minimum distributions, and factors related to owning employer stock. The importance of these factors will vary depending on your individual needs and circumstances. Tax consequences may vary depending on state law and your individual situation. Scottrade does not provide tax advice. Please consult your tax or legal advisor for questions concerning your personal tax or financial situation.

20 Comments -- All comments are monitored. Questions? Please see our User Guidelines.
January 31, 2015 1:28 PM

I just rolled over my 401K to a Scottrade act. I want to convert some of that money into a roth ira. with Scottrade which is already set up. Is there a limit to how much I can convert. Recently retired.

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October 26, 2014 6:14 PM

I have a 401k with an employer I left 30 days ago. I was told by the plan administrator I had to wait 30 days to rollover. I would like to rollover into a Roth IRA. IS this possible without incurring the 20% tax witholding penalty?

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October 25, 2014 6:48 AM

I will be retiring in 2015. Is it possible to rollover my lump sum pension payout to a Scottrade IRA?

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July 24, 2014 10:21 PM

i am considering moving 401K into an IRA. Several questions, in an IRA account with you, would i still be able to online do day trading with some of the money. and also what is a good rate of interest as of todays rates... any help appreciated.

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July 10, 2014 12:01 AM

I have a 401(k) thrift saving acct. I've retired from the Fed. Govt. And am now considering rolling over the 401(k). I am currently 67yrs old, married and I have a Scottrade acct.
I'm considering a mix of investments into TROW.

1. My concern is, how would I address the minimum withdrawals distributions required at 70 1/2 yrs. for taxes?
2. Would I need to sell x-amounts of the mutual funds to match the required min. Withdrawal quarterly/yearly?

Let me provide a hypothetical question:

Lets say I've rolled over my 401(k) and have it ($100,000) invested (thru Scott) in a TROW fund. I'm advised that the req. withdrawal At age 701/2 is 10%. Would I withdraw/sell $10k worth of mutual funds to meet my hypothetical min.? Would that be correct?
(I fully understand I'll then pay taxes on the 10k etc.)

I would like to then reinvest my $10k or whats left, back into a mutual fund. To keep my original 401(k) fund money separate from the money I've withdrawn, can I open a new Scott Account to reinvest the $10k there?
(Sounds rational)

I'm thinking this way I'll know how much of that original $100k is left each year that I'm req. to withdraw and pay tax on.

Or am I missing something and you have a better Idea.

Thanks, Rocky

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April 28, 2014 8:03 PM


I would like to consolidate my Roth IRA from another firm over to my current Roth IRA at Scottrade. The Roth IRA has AAPL stock that I would like to hold long term. Would I need to sell this stock in order to move the funds to Scottrade? Or can I convert the stock over without selling it?


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February 15, 2014 7:33 AM

I want to transfer some stock from my ira account at another firm to my scottrade account which forms do i need, or do i need to get them sent to me and bring them to local branch

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February 4, 2014 8:05 PM

Have a 401k and a small traditional IRA. I want to roll over the IRA. Have a brokerage account already with scottrade. So is this correct that I roll over the IRA into scottrade IRA (which I set up first) and I can pick the stock I want in it, Can I buy and sell like my brokerage account. Im retired but not of age to take money out or put money in.

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January 26, 2014 12:05 PM

I can't seem to find a statement as to your IRA annual and/or maintenance fees? What are those? (I cant find anything that says they are free so I am guessing that there are fees). Thanks!

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January 22, 2014 3:54 PM

If I wish to rollover my traditional Ira and buy AT&T stock and receive the dividends quarterly
What we be the fees and how do I get started?

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