Retirement, Investments, & Insurance for Individuals Invest & Retire Individual Retirement Accounts (IRAs) Rollover IRA

Rollover IRA

Simplify your retirement planning.

Consolidate your savings.

Moving - or rolling over-your retirement savings into a single account can make managing your retirement savings easy and straightforward.*

When you change jobs or retire and have savings left in your former employer's retirement plan, you typically have four options when deciding what to do with your money.

What are the benefits of a rollover IRA?

When you roll over to an IRA, you can maintain the tax-deferred status of your retirement savings when you follow the IRA rules.

You can also combine 401(k)s from past jobs and other qualified accounts into one easy-to-manage spot.

Because your rollover IRA isn't connected to any employer, you get to make the decisions. You're able to choose when and how you contribute to it, up to the annual contribution limit.

You can choose from a wider range of investment options-and if you need help deciding, our financial professionals can cut through the clutter and do the heavy lifting for you.

Graph depicting a Rollover IRA

How to rollover funds into an IRA

Here's a quick review of how the process goes when rolling over your former employer's retirement account into an IRA. 

Determine which type of IRA you'd like.
Choose an IRA provider.
Open and fund your IRA.
Pick your investments.


Ready to get started?

Open online. 

Open your IRA in about 10 minutes.

Open a new IRA

Give us a call. 

Help is within reach. Let our financial professionals do the heavy lifting for you.


Monday - Friday, 
8 a.m. to 5 p.m. CT

Man smiling that he does business with Principal

Already do business with Principal?

Whether you have a retirement plan with Principal from an old employer or any other product, you can get everything consolidated in a few steps.

Either log in to your account or call us at 800-547-7754 and our retirement specialists can help you get the process started.