Start a Rollover IRA

Simplify your retirement planning

Having multiple retirement accounts generally means you've done a great job of saving. But it could also make it a little hard to get an overall view of how those savings are doing.

Rolling over your savings from an employer retirement plan (like a 401(k) from a past job) into an Individual Retirement Account (IRA) can make managing and monitoring your investments easier.

Features of a rollover IRA

Moving your money to an IRA lets you:

  • Continue saving for retirement.
  • Keep the same or similar tax advantages.
  • Combine multiple retirement accounts to simplify monitoring and management.

An IRA also gives you greater control over your retirement savings. You’ll have more flexibility with how you invest, and when and how you withdraw your money.

  • You own the IRA, so you won’t be subject to an employer’s decisions, like with a 401(k).1
  • Choose from a wide array of investment options, like mutual funds, stocks, bonds, and CDs—not just the ones the employer chose for the plan.
  • You're not subject to plan-specific withdrawal rules and limitations that might come with a 401(k) account.
  • Consolidating your accounts into an IRA can help simplify the required minimum distributions process in retirement.

And when you rollover to a Principal IRA, you get the extra services and support of our Principal RolloverPlusSM program:

  • An action plan with specific steps you can take toward your retirement goals.
  • Tips and insights on timely financial topics.
  • A dedicated team of financial professionals available during your rollover and beyond—Monday through Friday, 7 a.m. to 9 p.m. CT.

Is rolling over to an IRA right for you?

An IRA might be a good fit if you’re:

  • Changing jobs
  • Retiring soon
  • Enjoying retirement and need to turn savings into income
  • Transitioning to self-employment
  • Looking to simplify tracking and management of your savings

Please consider product features and fees before investing. Learn more about your retirement savings options (PDF).

Why choose a Principal IRA?

See how a Principal® IRA can fit into your long-term financial plans. Learn more about choosing a Principal IRA.

Or, open your Principal IRA today:

Want more information? Read our article on 3 steps for opening an IRA.

Start your Principal IRA
  • Open your IRA online.
  • Call 800-247-8000, ext. 2251, to get personalized help from a financial professional.
Already have an IRA with Principal?

Log in to view account information online or add to your account.

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1 Conditions and limitations may apply

As part of the Principal Rollover Plus program, you have the option to receive educational help from us on how you are doing with your financial goals. By providing a financial professional and/or check-in feature, we are not providing investment advice, undertaking an investment advisory relationship with you nor monitoring your investments for you. You should contact us if your financial situation changes. The advice is limited to the retirement account that is discussed. If you need additional or new guidance, please call us back.

This document is intended to be educational in nature and is not intended to be taken as a recommendation.

The subject matter in this communication is educational only and provided with the understanding that Principal® is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.

Financial professionals are sales representatives for the member of Principal Financial Group®. They do not represent, offer, or compare products and services of other financial services organizations.

Insurance and plan administrative services provided through Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-547-7754, member SIPC. Principal Life and Principal Securities are members of Principal Financial Group® (Principal®), Des Moines, IA 50392.