Retirement Overview > Rollover IRA

Thinking of rolling over your 401(k) to a Rollover IRA?

A Merrill Edge® Rollover IRA offers an easy way to maintain the tax-deferred status of your retirement plan while consolidating your retirement assets into one easy-to-manage account. A Rollover IRA isn't right for everyone. Consider all of your choices and learn if a Rollover IRA may be right for you.1
What to consider...
  • Tax advantages and withdrawal rules
  • Access to a full range of investment choices
  • Account management and transaction fees
 
Tab One

Rolling over is easier than you think

Merrill Edge can help you consolidate your retirement assets from former employers into one easy-to-manage account. You'll enjoy simple, flat-rate pricing on online equity and ETF trades, plus a streamlined investing experience that combines the investing insights of Merrill Lynch with the banking convenience of Bank of America. And, at every step, a Merrill Edge rollover specialist is here to help at 1.888.637.3343.
 
Here's how it works:
Open your Rollover IRA
Set it up in minutes online.
Transfer
funds
Merrill Edge rollover specialists can help.
Choose
investments
Select from a full range of investment choices.
 
 
Did you know?
You may be able to roll over to a Traditional or Roth IRA, roll over to a 401(k) at a new employer, take a distribution, or leave the account where it is, depending on your unique financial needs and retirement goals. Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments. Additionally there are limits to how often and when you can roll over your account.
 
Have questions?
Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.
 
1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

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Tab Two

Get the facts about Rollover IRAs

What are the features of a Rollover IRA?

  • Lets you consolidate retirement investments from multiple 401(k) and 403(b) plans left at previous employers. You can even transfer an existing Rollover IRA into your new Merrill Edge Rollover IRA
  • Maintains the tax-deferred status of your retirement investments
  • Access a full range of investment choices which may include many of the same (or similar) investments found in your current portfolio
  • Consider your choices
    You may be able to roll over to a Traditional or Roth IRA, roll over to a 401(k) at a new employer, take a distribution or leave the account where it is, depending on your unique financial needs and retirement goals. Each option presents different benefits and limitations with regard to available investment choices and services, fees and expenses, withdrawal rules, required minimum distributions, tax treatment, and protection from creditors and legal judgments. Additionally, there are limits to how often and when you can rollover your account.

    Have questions? Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.

Am I eligible for a Rollover IRA?

  • Generally you are eligible for a Rollover IRA if you've left your retirement assets with a former employer. Contact a Merrill Edge rollover specialist for details.

What are the contribution limits for a Rollover IRA?

  • There are no limits to the amount of assets you can roll over from an existing Rollover IRA, 401(k) or 403(b), but additional contributions can be made to your rollover IRA or another IRA.
  • If you're currently maxing out your existing 401(k) or 403(b), but would like to contribute more to your retirement, you may want to consider other IRA products. Try our IRA Selector Tool to find the IRA that may be right for you.

What investment choices will I have?

  • At Merrill Edge, you'll have access to a full range of investment choices. Select from thousands of stocks, ETFs, bonds and well-known mutual funds.
  • For a simpler approach to investing, consider Merrill Edge Select® Portfolios offering a diverse portfolio of investments aligned to your goals and risk tolerance—pre-screened, monitored and adjusted by the professionals at Merrill Lynch.

Are there any fees associated with a Rollover IRA?

  • Your Merrill Edge Rollover IRA has no minimum balance requirement and no annual account fee. Additional transaction, service or investment fees may apply. See pricing for details.

What's the difference between a direct rollover and an indirect rollover?

  • With a direct rollover, the check from your employer sponsored plan is made out to the financial institution where you opened your IRA, for the benefit of you. Since this money is deposited directly from the 401(k) or other qualified retirement plan to the IRA, no taxes are withheld.
  • With an indirect rollover, the check is made payable to you. Your former employer withholds a mandatory 20% for taxes. You have 60 days to deposit these funds into an IRA, and must make up the 20% yourself, otherwise the 20% withheld will be considered a taxable distribution and only 80% will have the potential to continue to grow tax-free or tax-deferred. In addition, if you are under age 59½ you may be subject to a 10% additional federal tax, unless one of several exceptions applies.

What if I have company stock in my old 401(k)?

  • Some companies include company stock as an investment choice. If you have invested in company stock and your stock has grown in value, rather than rolling over the stock when you roll over your 401(k) assets, sometimes taking a "lump-sum distribution" of this stock can save you significant amounts of money. There are a number of variables to consider before you decide the best course of action.

    We suggest you talk with a tax advisor to help you determine if this could be an appropriate strategy for your situation.

    Have questions? Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.

How do I get started?

  • It takes just minutes to open your account online. Here's what you'll need.
  • A Merrill Edge rollover specialist can help you consider all your choices for what to do with your 401(k), open your account and transfer funds from your old 401(k), 403(b) or existing IRA. Call 1.888.637.3343.

 
Have questions?
Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.
 
1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

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Tab Three

Three ways to get started with your Merrill Edge Rollover IRA

1
Open your account
It takes just minutes to open your account online. Here's what you'll need.
A Merrill Edge rollover specialist can help you consider all of your choices for what to do with your 401(k), as well as help you open your account and transfer funds from your old 401(k), 403(b) or existing IRA. Call 1.888.637.3343.
 
2
Transfer funds
Call 1.888.637.3343—24 hours a day, 7 days a week to speak with a Merrill Edge rollover specialist.

We'll help you:

  • Contact your former employer's plan administrator and complete any necessary forms
  • Ensure your funds get deposited directly into your Merrill Edge Rollover IRA account to help you to maintain the tax-deferred status of your assets
 
3
Start investing
Create an investment strategy
Become a smarter investor with help from our Financial Learning Center. Here you'll learn how to make a plan and build a balanced portfolio aligned to your investing goals.
Find the investments that may be right for you
Start with BofAML US 1 List, Merrill Edge Select® Funds and Merrill Edge Select® ETFs. Then, narrow your investment choices with powerful screening tools and make informed investment decisions with access to free independent research.
Manage your portfolio
Access your new Merrill Edge investment account anytime, anywhere—online, on your mobile device and at thousands of Bank of America ATMs.
 
Have questions?
Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.
 
1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

ARCX9JTJ EXP 06092015
Tab four

Simple flat-rate pricing

Merrill Edge offers simple, flat-rate pricing of $6.95 per unlimited online equity and ETF trade.2 That's lower standard pricing than Fidelity, Schwab and E*Trade.3 Learn how you can qualify for $0 online equity and ETF trades for online investing accounts.4
 
Retirement account fees for online investing
Annual custodial fee
$0
Minimum initial funding requirement
$0
Full account transfer and closeout fee
$49.95
Additional transaction, service and
investment fees.
Additional transaction and management fees

2In addition to your stocks or ETF commissions, sell orders may be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). The Securities and Exchange Commission imposes this assessment on the financial services industry to cover the U.S. Government's costs of regulating the security markets and security professionals. If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation. There are also fees associated with investing in ETFs. Read the Expenses and Charges sections of the prospectus to find out what they are. Contact us to obtain a prospectus. A traditional share liquidation fee of 10% of fractional share proceeds may apply.
 
Have questions?
Talk to a Merrill Edge rollover specialist 24 hours a day, 7 days a week at 1.888.637.3343.
 
1 You have choices for what to do with your employer sponsored retirement plan. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth, roll over to an employer sponsored plan from a prior employer to an employer sponsored plan at your new employer, take a distribution or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and provide different protection from creditors and legal judgments. These are complex choices and should be considered with care. Visit http://www.merrilledge.com/retirement/rollover-ira or call a Merrill Edge rollover specialist at 1.888.637.3343 for additional information about your choices.

3 Comparison table data based on pricing as of 6/30/2014 and excludes special promotional offerings.
a E*Trade equity commissions are $7.99 for customers who trade at least 150 times per quarter
b For TD Ameritrade ETFs: the ETF must be on list of 100+ commission-free ETFs and must be held for a minimum of 30 days in order to not incur a fee. Also, the user must be enrolled to qualify.
c Price per non-Schwab ETF
d Price per non-iShare ETF

4 $0 trades are only available with an individual or joint Merrill Edge self-directed brokerage account. When placing a trade, Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) determines whether you meet the balance or relationship requirements to qualify that trade for the $0 waiver. To determine the number of qualifying trades, MLPF&S adds the qualifying trades in your individual accounts and joint accounts. Commission fees apply when qualification requirements are not met, or when you exceed the number of qualifying trades a month. Brokerage fees associated with, but not limited to, margin transactions, option trading, special stock registration/gifting, account transfer and processing, research request and termination apply.

a) Fees are waived for 30 online equity trades each month including stock and exchange traded funds (ETFs) on behalf of MLPF&S, for customers who meet any one of the following criteria:
i) Combined total of $25,000 or more in your deposit accounts at Bank of America, N.A.. MLPF&S adds the average collected balances in your deposit accounts as of the prior month to the balances in your bank CD and IRAs as of the prior business day. Bank deposit accounts with the same Social Security number (SSN) as the SSN(s) on the self-directed brokerage account are systematically included in the balance determination. Standard deposit account fees apply.
ii) Or combined balance of $25,000 or more in cash balances in one or more of the following sweep options in your Merrill Edge self-directed account(s) as of the prior business day:
- Bank Deposit Accounts sweep option with your Cash Management Account® (CMA®)
- Retirement Assets Savings Program II sweep with your IRA
iii) Or Client of U.S. Trust
iv) Or Client of Platinum Privileges
v) Or Client of Preferred Rewards Platinum

b) Fees are waived for 100 online equity trades each month including stock and ETFs on behalf of MLPF&S, for customers who meet any one of the following criteria:
i) A Client of Preferred Rewards Platinum Honors
ii) Or Client of Banking Rewards Wealth Management U.S. Trust

This offer does not apply to Business/Corporate Accounts, Investment Club Accounts, Partnership Accounts and certain fiduciary accounts held at MLPF&S. Other fees and restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. To learn more about the ways to qualify for $0 trades, call 1.877.653.4732.

You automatically enjoy status in the Platinum Privileges® program if you have an active Bank of America personal checking account and maintain at least $50,000 as a combined balance in your Bank of America deposit accounts and/or your Merrill Edge brokerage accounts. Platinum Privileges® is not available to U.S. Trust and Merrill Lynch Wealth Management clients. Please speak with your U.S. Trust advisor or Merrill Lynch Financial Advisor for information about the enhanced banking benefits available to you through your wealth management relationship. We will no longer enroll customers into the Platinum Privileges program under the following schedule: as of June 30, 2013 in the states of KS, MO, NV, SC and WA; as of May 31, 2014 in the states of AR, IA, MA, ME, NH, NM, OK, RI, TX, AZ, CA, ID and OR; as of July 26, 2014 for all other states.

You qualify for benefits in the Preferred Rewards program if you enroll in the program, have an active Bank of America personal checking account and maintain a three month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill Edge and Merrill Lynch investment accounts of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier. For details on Employee qualification requirements, please visit the Employee Banking & Investments website. Customers will be able to enroll in Preferred Rewards under the following schedule: beginning September 2013 in the states of KS, MO, NV, SC and WA; beginning June 23, 2014 in the states of AR, IA, MA, ME, NH, NM, OK, RI and TX; beginning June 28, 2014 in the states of AZ, CA, ID and OR; beginning September 8, 2014 in the states of MI, IL, IN, TN, NC, GA, FL; and all other states beginning September 29, 2014. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill Lynch are eligible for additional banking benefits. Please speak with your Merrill Lynch Financial Advisor for details.

Equity securities sold through Merrill Edge self-directed investing are subject to stock market fluctuations that occur in response to economic and business developments.

Options Trades: Option trading entails significant risk and is not appropriate for all investors. Certain requirements must be met to trade options through Merrill Lynch, Pierce, Fenner & Smith Incorporated. Options may not be suitable for all investors. Please read the options disclosure document entitled "Characteristics and Risks of Standardized Options" before considering any option transaction. Contact 1.877.653.4732, Monday - Friday, 7:30 a.m. to midnight, and Saturday, 8 a.m. to 9 p.m., Eastern for a copy. A separate client agreement is required to trade options.

Mutual Funds: While no-load funds do not assess sales charges, fund shares are subject to management fees and certain other expenses. Redemption fees may also apply. In addition to receiving dealer concessions and asset-based sales charges and/or services fees in connection with clients' purchasing and holding mutual fund shares, Merrill Lynch and its affiliates provide other services for which they may receive additional compensation from funds or their affiliates. This compensation is generally disclosed in a fund's prospectus, and if available, the summary prospectus, statement of additional information or website. For specific mutual fund family compensation information, please contact the Investment Center.

Fund shares may be redeemed directly with the Fund without payment of the Merrill Lynch Short-Term Redemption fee. Additional transfer fees may apply.

Intra-family exchanges may have tax impacts.

Fixed Income: Fixed income orders contain order information on Agency Discounts/Notes/Bonds, Certificates of Deposit, Corporate Bonds, Municipal Bonds and Treasury Bond investment vehicles.

Exchange Traded Funds are subject to risks similar to those of stocks. Investment returns may fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost.

A Brokered Certificate of Deposit is different than a bank Certificate of Deposit. It is sold for a bank by a broker while a Certificate of Deposit can be purchased directly from a bank. Brokered CDs may offer higher rates of return, but their value may fluctuate with changing interest rates. Banking products are provided by Bank of America, N.A. and affiliated banks. Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

The offering of cash rewards, free trades, waiver of fees (including account fees), and/or any other thing of value may not be used as an inducement to sell any kind of insurance, including life insurance or annuities.

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