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 more—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.

Your IRA also comes with ongoing service and resources to help you manage your finances and plan for the future. You'll get:

  • A dedicated team of financial professionals available during your rollover and beyond.
  • Complimentary financial wellness resources through ARAG and Enrich—like online will prep, loan repayment options and budget-building tools.
  • Tips and insights on timely financial topics.

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 Principal for your IRA?

See how an IRA with Principal® can fit into your long-term financial plans. Learn more about our IRA options.

Or, open your IRA with Principal today:

We offer options that are catered to your investing style.

  • Principal IRA keeps you in the driver’s seat. It gives you the control—with as much or as little assistance as you want to help you make informed investment decisions.
  • Principal® SimpleInvest IRA uses technology to create an investment mix personalized to you, that’s monitored and rebalanced on an ongoing basis.
  • Let us connect you with an advisor in your area to discuss a rollover IRA.

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

Learn more about IRAs with Principal
Already have an IRA with Principal?

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

Help to simplify your retirement planning

Woman who made the correct choice for her 401k based upon her future goals for retirement.

Making the right choice for your 401(k)

We can help you consider all your options for your old 401(k) so you can feel confident you’re on track for the future you want. 

Woman who learned what retirement account option is right for her based upon her goals.

Retirement savings account options: IRAs and 401(k)s

Photo of a woman who has consolidated retirement accounts from past employers into one retirement plan.

Account consolidation: Streamlining your retirement savings

1 Conditions and limitations may apply

You have the option to receive educational help from us on how you are doing with your financial goals. By providing a financial professional team 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.

Principal® SimpleInvest is a discretionary investment advisory program that offers diversified investment portfolios for a fee. Principal® SimpleInvest is sponsored and managed by Principal Advised Services, LLC, which consults with Principal Global Investors, LLC in the creation of the portfolios and the selection of the underlying portfolio investments. Trading and execution services provided by RobustWealth, Inc.  Principal Advised Services, LLC, Principal Global Investors, LLC, and RobustWealth, Inc. are members of the Principal Financial Group®. Brokerage and custodial services provided by Apex Clearing Corporation, member FINRA, NYSE and SIPC. Apex Clearing Corporation is not affiliated with any member of the Principal Financial Group®.  Principal® SimpleInvest portfolios are comprised primarily of Principal® products, including affiliated mutual funds and ETFs.

Please refer to the Form ADV (PDF) for Principal Advised Services, LLC and other applicable disclosures and agreements for important information about Principal® SimpleInvest and its services, fees and related conflicts of interest.  All investments have inherent risks. Investing in Principal® SimpleInvest portfolios does not guarantee profit or protect against loss.

Principal, Principal and symbol design, and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group®, Des Moines, IA 50392.