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Retirement Planning - IRAs, 401(k)s, Rollovers > Retirement Place: The Best Place to Roll Over your 401k

How to Rollover an Existing IRA




How to Roll Over Your old 401(k) Roll Over Your Old 401(k)‎ How to Roll Over a 401k

Please Note: This page includes information regarding how to roll over your 401(k) into an IRA which will be held in a brokerage account only. If your account is currently or will be held with a mutual fund/investment company or you are an employer rolling over a group plan, please call us at 919-719-7200 for assistance.


Quick Tips:

Rolling over your 401(k) is as easy as 1, 2, 3! 

1. Open an account* (Fill out an application and get approved.)

2. Fund your Account (Give Direct Rollover instructions in the application or through Account Management.)

3. Once your rollover funds are transferred to your account you can begin trading! 


Rolling your 401(k) into a Roth? 



If you decide that you want to roll your old 401(k) into a Roth IRA, please review the following questions :


Do you have a Roth 401(k)?

If yes, then you may use a direct rollover to transfer your retirement account into a Roth IRA. (BTW, Roth IRAs can only be rolled over to another Roth IRA.)

If no, please see below:



Do you have a Traditional (tax-deferred) 401(k)?

If yes, then you must:

  1. use a direct rollover to roll the funds into a Traditional IRA, then
  2. open a Roth IRA and then
  3. complete a Traditional IRA to Roth IRA rollover for the funds that you wish to transfer to your Roth.


Please remember that you will owe taxes on the entire untaxed amount that you roll over (from your Traditional IRA [that you rolled over from your 401(k)] to your Roth IRA) and you should speak with your tax and/or legal advisor prior to making tax-related decisions.




If you are opening an online trading account for your 401(k) Rollover:

When transferring your old 401(k) plan from your previous employer to your rollover IRA at Place Trade, the process is different from simply rolling over an IRA (even if it had originally been in a 401(k) account. 

When you begin the new account application you will first choose an "Individual" account (on the first page). After you enter your basic information you will be asked to choose the type of IRA that you wish to open. It is important that you are careful to choose "Direct Rollover" under the Type of IRA account. (If you do not see it please give us a call and we will show you where it is. If you just skip and move forward you may have to start over so it is better to stop and give us a call.) 


  Give us a call today at 1-800-50-PLACE and review your options with one of our retirement specialists today!  



If you are working with a full-service financial advisor:

We will formulate a plan for your IRA rollover based on your account type. Place Trade will be by your side throughout the transfer, from helping you with the paperwork to navigating the obscure regulations and processes governing rollovers.

Regardless of the location, position, and type of IRA, you wish to transfer, our advisers possess the knowledge necessary to facilitate a smooth transition. We are here to help you throughout the process and answer any questions that you may have.


How to Rollover an Existing Traditional, Roth or SEP IRA into a Place Trade a brokerage account: Either under the funding section of the new account application or once your account has been approved you can easily roll over your existing retirement or brokerage account in Account Management. (Funding > Position Transfers > ACATs)

Retirement plan specialists are available to help you assess your options and determine which retirement planning strategy best fits your needs.



Call us today at 919-719-7200 or 800-50-PLACE for more information!


Changing Jobs? What to Do With an Old 401(k) 


Retirement Planning: Individuals

Traditional IRA Roth IRA Rollover IRAs 401(k) Rollovers

Qualified Plans: Business





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What can you do with your 401(k) when you change jobs? Get straightforward advice about your retirement plan options so you can make smart decisions! How to Roll Over Your 401k. 401k roll over
  Both full-service financial planning and investment advice are available to all of our US clients. Please speak with your full-service financial professional regarding pricing for specific services. Full-Service commissions and fees vary by products, services, and Investment Company. Additionally, full-service commissions are different from and are not included in the deep discount online trading commission schedules listed on this website.  

What is a rollover of a 401k?     Can you roll over a 401k to an IRA?     When can you roll over a 401k?    How long do you have to roll over a 401k?

Make smart decisions with your old retirement plans today so that you can maximize your potential and get the most of your financial future!

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Rollover your old 401(k) to a Place Trade Self-Directed IRA or Speak with one of our Experienced Financial Consultants to get Advice on your options or help develop a new financial plan.

Please be sure to check with your tax and/or legal advisor prior to making any contributions, withdrawals or other changes to your retirement account. Place Trade Financial, Inc. does not offer tax or legal advice. Information provided by Place Trade is for educational purposes and should not be considered as tax or legal advice under any circumstances. How do you roll over a 401k? 401k rollover to IRA 



Learn more about retirement planning by visiting some of the links below:

Roth IRA



Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:

Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts