Simplify your financial life
Consolidating your retirement accounts with a Rollover IRA allows you to see your Merrill Edge investment and retirement accounts and Bank of America bank accounts on one page with one login.
Straightforward Pricing
No matter how you choose to invest, you can count on low straightforward pricing with low fees, and low investment minimums. Plus enjoy real benefits and rewards with Preferred Rewards.
Tax‑advantaged investing
A Rollover IRA allows you to maintain the tax-deferred status of your retirement assets without having to pay current taxes or early withdrawal penalties during the rollover process.
A full range of investments
Choose from a wide range of stocks, bonds, options, ETFs and well-known mutual funds or invest in a professionally managed portfolio by Merrill Lynch.
$600
Get up to $600 when you invest in a new Merrill Edge account. How to qualify
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. Consider all of your choices.Footnote 1

Pricing and fees

Pricing and fees

Straightforward pricing

Straightforward pricing
$6.95 unlimited online equity and ETF trades
Other fees may applyFootnote 2
Account minimum: $0
0.45% annual fee
Other fees may applyFootnote 6
Account minimum: $5,000
0.85% program fee
Other fees may applyFootnote 8
Account minimum: $20,000
Account minimum
$0
$5,000
$20,000

Get started

Roll over your 401(k) or 403(b) in 3 steps

Choose how you'd like to invest

Put your own investing ideas into action with a full range of investments, step-by-step guidance, easy-to use tools, and access to research and insights.
To get started, open an account online, open an account online, and our Quick Start Guide will show you how to create an investment strategy, choose the right investments, and manage your portfolio.
Pursue your investing goals with an online investment advisory program that combines the best features of online investing with a professionally managed portfolio (— all at a low cost).
To get started, tell us about yourself and your investing goal online. You'll get a recommended investment strategy and a recommended portfolio of ETFs aligned to your needs.Footnotes 7,11
Work with a Merrill Edge Financial Solutions Advisor™, who can help you pursue your financial goals and plan for what matters most to you.
To get started, schedule a complimentary review. If you choose to invest with us, you'll receive a personalized action plan and a recommendation for a professionally managed portfolio of mutual funds and ETFs aligned to your needs.Footnotes 9,11

Roll over your 401(k) or 403(b)

You can complete your account application online in minutes. Here's what you'll need.
  • Social Security number and date of birth
  • A valid mailing and email address
  • Employment information (such as annual income and household net worth)
  • Names and dates of birth for any beneficiaries

Fund your account

Call 888.637.3343888.637.3343 24/7 to speak with a Merrill Edge rollover specialist who will help you transfer your old 401(k), 403(b) or existing IRA.
Need help? Call 888.637.3343888.637.3343. Our rollover specialists can help you:
  • Consider all of your choices for what to do with your 401(k), 403(b) or existing IRA.
  • Contact your former employer's plan administrator to complete any necessary forms.
  • Help you transfer funds from your old 401(k), 403(b) or existing IRA and help ensure your funds get deposited directly into your Merrill Edge Rollover IRA account to help you maintain the tax-deferred status of your assets.

FAQs

FAQs
  • Lets you roll over 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 account.
  • 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 choicesFootnote 1
    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 888.637.3343888.637.3343.
  • Generally you are eligible if you've left your retirement assets with a former employer. Contact a Merrill Edge rollover specialist for details.
  • There are no limits to the amount of assets you can roll over from your 401(k), 403(b) or an existing retirement account, but additional contributions can be made to your 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.
  • At Merrill Edge, you'll have access to a full range of investment choices. Select from a wide array of stocks, bonds, options, ETFS, well-known mutual funds and managed portfolios. Transfer an existing 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.
  • 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.
  • 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.
It takes just minutes to open your account online. Here's what you'll need:
  • Social Security number and date of birth
  • A valid mailing and email address
  • Employment information (such as annual income and household net worth)
  • Names and dates of birth for any beneficiaries
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 888.637.3343888.637.3343.

Recognized for excellence

J.D. Power Contact Center Certification
An outstanding customer service experience
Merrill Edge has been recognized by J.D. Power by providing "An Outstanding Customer Service Experience" for Phone support for 8 years in a row.Footnote 10
Kiplinger's Best Online Brokers 2017"
Ranked #1 for "Best Online Brokers"
Received 5 out of 5 stars for "research" and "user experience" — Kiplinger's Personal Finance, "Best Online Brokers" 2018.Footnote 11

Help when you need it

Call 888.637.3343888.637.3343
Call 24 hours a day, 7 days a week
Footnote 
You have choices about what to do with your employer-sponsored retirement plan accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan account from your old job to 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 different types of 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 888.637.3343 for more information about your choices.
Footnote 
Other fees may apply. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.
Footnote 
Eligibility: Commissions are only waived for online stock and ETF trades conducted via an individual or jointly owned self-directed personal CMA or IRA account.

Qualify for 30 $0 online stock and ETF trades per month as a Preferred Rewards Platinum client.

Or qualify for 100 $0 online stock and ETF trades per month (meet either one of these criteria):
  • Preferred Rewards Platinum Honors client
  • U.S. Trust Client
For details about commissions, transaction fees and any other fees that may apply visit merrilledge.com/pricing. Certain account types are not eligible. Other restrictions may apply. Relationship requirements and pricing are subject to change and/or termination without advance notice. For full details about ways to qualify for $0 trades, call 888.MER.EDGE (888.637.3343).
Footnote 4 Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s, SafeBalance Banking®, Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.

Footnote 
Contribution and compensation limits are subject to a cost-of-living adjustment annually pursuant to the Internal Revenue Code. Contribution and compensation limits for subsequent years may vary.
Equity securities sold through Merrill Edge self-directed investing are subject to stock market fluctuations that occur in response to economic and business developments.

Investing in Mutual Funds and ETFs involve certain risk. 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.

Investing in fixed-income securities may involve certain risks, including the credit quality of individual issuers, possible prepayments, market or economic developments and yields and share price fluctuations due to changes in interest rates. When interest rates go up, bond prices typically drop, and vice versa.

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.

There is a single, 5-year holding period when determining whether earnings can be withdrawn federal (and, in most cases, state) income tax-free as part of a qualified distribution from a Roth IRA. This period begins January 1 of the year of the first contribution to any Roth IRA account.

Fees and expenses are subject to change. Please note that other fees and expenses may apply, including early withdrawal penalties and trustee transfer fees. For Merrill Lynch, Pierce, Fenner & Smith Incorporated's standard brokerage fees, please see the Miscellaneous Fees schedule. For Bank of America N.A.'s fees, see your Personal Schedule of Fees.

Footnote 6 Merrill Guided Investing has an annual program fee of 0.45% based on the assets held in the account. This fee is charged monthly in advance. In addition to the annual program fee, the expenses of the investments will vary based on the specific funds within each portfolio. Actual fund expenses will vary; please refer to each fund's prospectus. Sales are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principal. There are costs associated with owning ETFs. To learn more about pricing, visit https://www.merrilledge.com/guided-investing-program-brochure.

Footnote 
Please review the Merrill Guided Investing Program Brochure (PDF) at merrilledge.com/guided-investingprogram-brochure (PDF) for important information including pricing, rebalancing and the details of the investment advisory program. Your recommended investment strategy will be based solely on the information you provide to us for this specific investment goal and is separate from any other advisory program offered with us. If there are multiple owners on this account, the information you provide should reflect the views and circumstances of all owners on the account. If you are the custodian of this account for the benefit of another person, please keep in mind that these assets will be invested for the benefit of the other person. Guided Investing is offered with and without an advisor. Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner and Smith Incorporated ("MLPF&S"). MLPF&S and Managed Account Advisors LLC ("MAA") are registered investment advisors. Investment advisor registration does not imply a certain level of skill or training.
Footnote 8 The fee is based on the assets held in the account and is charged monthly in advance. Program fees include portfolio management and trading costs, as well as ongoing support. The annual account fee does not include underlying fees charged by the funds in your portfolio. Each fund in your account charges these expenses to all shareholders. These fees range from approximately 0.07% to 0.70% per year. Please note that this range will fluctuate and can be higher or lower at any point in time. Actual fund expenses could vary; please refer to fund prospectuses. In addition, the SEC charges a small fee to each ETF sales transaction, ranging between $0.01 and $0.03 per $1,000 of principal. Other fees may include transfer, exchange and fund-redemption fees; conditional deferred sales charges; and markups or markdowns. For additional fee details, see the Merrill Edge Advisory Account program brochure (PDF).

Footnote 
The Merrill Edge Select® Portfolios are part of the Merrill Edge Advisory Program and require participation in the program to invest. In addition the Merrill Edge Advisory Program is sponsored by Managed Account Advisors (MAA) an affiliate of MLPF&S. MLPF&S and Managed Account Advisors LLC (MAA) are registered investment advisers. Investment Adviser registration does not imply a certain level of skill of training. Please review disclosure statement for a full description of services and fees at Merrill Edge Advisory Account ADV brochure (PDF).
Footnote 
J.D. Power 2018 Certified Contact Center ProgramSM recognition is based on successful completion of an evaluation and exceeding a customer satisfaction benchmark through a survey of recent servicing interactions. For more information, visit www.jdpower.com/ccc. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome.
Footnote 
Merrill Edge was ranked 5 out of 8 online brokers by Kiplinger's Personal Finance's "Best Online Brokers" survey October 2018. To be included, firms had to offer online trading of stocks, ETFs, funds and individual bonds. Results based on ratings in the following categories: Total Commissions Score, Breadth of Investment Choices, Tools, Research, Ease of Use, Mobile Access, and Advisory Services. Learn more at https://www.kiplinger.com/slideshow/investing/T052-S002-best-online-brokers-2018/index.html from Kiplinger's Personal Finance, October 2018 © 2018 The Kiplinger Washington Editors. Used under License. Merrill Edge provides access to research from BofA Merrill Lynch Global Research, CFRA (powered by S&P Global), Morningstar and others. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome.
Footnote 
The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing, including providing its recommendations of ETFs and related asset allocations. Managed Account Advisors LLC (MAA), Merrill Lynch's affiliate, is the overlay portfolio manager responsible for implementing the Merrill Guided Investing strategies for client accounts, including facilitating the purchase & sale of ETFs in client accounts and updating account asset allocations when the CIO's recommendations change while also implementing any applicable individual client or firm restriction(s).
Footnote 
Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2017 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Merrill Lynch Global Research is research produced by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and/or one or more of its affiliates. MLPF&S is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to https://www.institutionalinvestor.com/article/b15x58zthqmjry/the-worlds-best-research-firm. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome.
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

Investment Products:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value


MLPF&S is a registered broker-dealer, Member Securities Investor Protection Corporation (SIPC)Member Securities Investor Protection Corporation (SIPC) and a wholly owned subsidiary of Bank of America Corporation.

© Bank of America Corporation. All rights reserved.

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