IRA products

Rollover

Make life easier by rolling your retirement 401(k), 403(b) and IRA accounts into a single IRA. Having a simplified view makes it easier to track and meet your retirement goals. The TIAA IRA has no fees and comes with a variety of investment options—plus advice and support at no cost.
 
roll over to an IRA
To roll over your workplace plan, start here
Why roll over?

The benefits can add up

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No account fee
Eliminate overlapping costs and pay no annual account fee with TIAA.1
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No minimum
Transfer any amount and benefit from no-fee and low-fee investment options.
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Professional ADVICE
Invest on your own and get advice at no additonal cost. Or, let us do the investing for you.
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Lifetime income
Get TIAA’s exclusive IRA option of guaranteed income for life.2
How to roll over your IRA

Open your rollover IRA in 3 easy steps. We're here to help you along the way, too.

Step 1

Roll over to an IRA

Start your online IRA application and choose between a Roth or Traditional IRA.
Step 2

Fund your IRA

Start your IRA with money from your previous retirement accounts, either by direct transfer or check.
STEP 3

Choose your investments

Review investment choices and choose the ones that are right for you. If you need help choosing, call us at 844-842-2472.

Already have an IRA from TIAA?

Have a 401(k) or 403(b) from your employer?

rollover options

Know your rollover options3

What you do with the money in your old retirement plan can significantly impact tomorrow's income.
Rollover options

Potential advantages

potential disadvantages

Leave your money in your former employer’s plan
  • You can keep your money growing tax deferred.
  • You may be able to get loans or hardship withdrawals.
  • There may be a limited number of investment options.
  • Managing your assets across multiple plans or accounts could be difficult.
Move your money into your new employer’s plan
  • Your new plan may allow for a loan or hardship withdrawal.
  • There are no income taxes or penalties.
  • Your new employer’s plan may not accept rollovers.
  • Your withdrawal options may be limited.
Roll over your money into an IRA
  • The type of IRA you choose may mean there are no income taxes or penalties.
  • There may be a broader range of investment options.
  • Consolidating money into one IRA can give you a clear picture of retirement assets.4
  • You cannot take a loan from an IRA.
  • Some IRA investments may include trading expenses, such as commissions and fees.
  • There are no penalty-free withdrawals prior to age 59½, though there are some exceptions.
Withdraw your money in cash
  • You get immediate access to your cash.
  • If you withdraw after age 55, it may be penalty free. If you leave your job in the year you turn 55, the 10% penalty does not apply if you have not already rolled it into another plan or IRA.
  • A 20% federal income tax withholding will apply; state tax withholding may also apply.
  • There’s a potential 10% early withdrawal penalty if you are under age 59½.
  • You could potentially lose tax-deferred, long-term growth.
Expertise & help

Speak with an IRA consultant today

We’re always here to help.
Give us a call to speak with an IRA consultant
844-842-2472,
Weekdays, 8 a.m. - 7 p.m. (ET)
1 There is no account fee to own a TIAA IRA; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds’ portfolio management fees and expenses.

2 Any guarantees under annuities issued by TIAA are subject to TIAA's claims-paying ability.

3 Prior to rolling over, consider your other options. You may also be able to leave money in your current plan, withdraw cash or roll over the assets to your new employer’s plan if one is available and rollovers are permitted. Compare the differences in investment options, services, fees and expenses, withdrawal options, required minimum distributions, other plan features, and tax treatment. Speak with a TIAA consultant and your tax advisor regarding your situation.  Learn more.  
 
Before consolidating assets, be sure to carefully consider the benefits of both the existing and new product. There will likely be differences in features, costs, surrender charges, services, company strength and other important aspects. There may also be tax consequences or other penalties associated with the transfer of assets. Indirect transfers may be subject to taxation and penalties. Speak with a TIAA consultant and your tax advisor regarding your situation
 
This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.
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