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).