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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 Self‑Directed account. How to qualify for our $600 offer
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 for rolling over your 401k.Footnote 1

Pricing and fees

Pricing and fees
Straightforward pricing
Straightforward pricing
$2.95 unlimited online equity and ETF trades
Other fees may applyFootnote 2
Qualify for $0 tradesFootnote 3
Account minimum: $0
0.45% annual feeFootnote 6
Other fees may applyFootnote 2
Qualify for discounted pricing
Account minimum: $5,000
0.85% program feeFootnote 6
Other fees may applyFootnote 2
Qualify for discounted pricing
Account minimum: $20,000
Account minimum
for Merrill Edge Self-Directed $0
for Merrill Guided Investing$5,000
for Merrill Guided Investing with an advisor$20,000

Get started

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

Choose how you'd like to invest

A self-directed investing platform that streamlines investing, giving you access to research and insights, step-by-step guidance and flexible tools—all with low, flat-rate pricing.Footnote 10
To get started, 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.
A professionally managed portfolio aligned to your goals that's built, monitored and rebalanced by Merrill investment professionals.Footnote 9
To get started, tell us about yourself and your investing goal online. You'll get a recommended investment strategy aligned to your goals.
All the benefits of Merrill Guided Investing with an advisor who will discuss your priorities and provide advice and guidance to help you pursue your goals.
To get started, tell us about yourself and your investing goal online. You'll be able to choose and meet with an advisor in person or on the phone who will discuss your priorities and walk you through the next steps.

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 choices for rolling over your 401kFootnote 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 7
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 8

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 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 our Rollover IRA page or call a Merrill rollover specialist at 888.637.3343 for more information about your choices.
Footnote 
Other fees may apply. Free and $0 means there is no commission charged for these trades. $0 option trades are subject to a $0.65 per-contract fee. 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 pricing, visit our Pricing page.
Footnote 
Eligibility: Merrill waives its commissions for all online stock, ETF and option trades for Preferred Rewards members and Bank of America Private Bank clients with an individual or jointly owned self-directed personal CMA® or IRA account. $0 trades become effective within one week of enrollment into Preferred Rewards, or for new accounts for Preferred Rewards enrolled clients within one week of account opening.

For details about commissions, transaction fees and any other fees that may apply, visit our Pricing page. $0 option trades are subject to the standard $0.65 per-contract fee. Other restrictions may apply. Preferred Rewards for Wealth Management clients (formerly known as Banking Rewards for Wealth Management), other than Bank of America Private Bank clients, do not receive Merrill Edge® Self-Directed commissions waivers. To learn more, visit our Preferred Rewards page.

Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options. Before engaging in the purchase or sale of options, investors should understand the nature of and extent of their rights and obligations and be aware of the risks involved in investing with options. Prior to buying or selling an option, clients must receive the options disclosure document "Characteristics and Risks of Standardized Options." Call the Investment Center at 1.877.653.4732 for a copy. A separate client agreement is needed.
Footnote 
You are eligible to enroll in the Preferred Rewards program if you have an active, eligible Bank of America® personal checking or Bank of America Advantage Banking account and maintain a three-month average combined balance in your qualifying Bank of America deposit accounts and/or your qualifying Merrill 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. The combined balance is calculated based on your average daily balance for a three calendar month period. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. Your benefits become effective within one month of your enrollment, or for new accounts within one month of account opening, unless we indicate otherwise.

For details on Employee qualification requirements, please visit the Employee Financial Services website. Merrill Lynch Wealth Management clients with greater than $250,000 in assets with Bank of America and Merrill are not eligible for Preferred Rewards but have access to other benefits through Preferred Rewards for Wealth Management. Please speak with your Merrill Lynch financial advisor for details.
Footnote 
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, Bank of America Advantage 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 
Merrill Guided Investing and Merrill Guided Investing with Advisor have an annual program fee of 0.45% and 0.85%, respectively, 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. To learn more about pricing, visit the Merrill Guided Investing Program Brochure (PDF) or the Merrill Guided Investing with Advisor Program Brochure (PDF).
Footnote 
Please review the applicable Merrill Guided Investing Program Brochure (PDF) or Merrill Guided Investing with Advisor Program Brochure (PDF) for 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. Merrill Guided Investing is offered with and without an advisor.

Merrill 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 
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 J.D. Power popup. 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. Participation in this survey was paid for by Merrill Lynch.
Footnote 
Merrill Edge Self-Directed was ranked 5 out of 10 online brokers by Kiplinger's Personal Finance's "Best Online Brokers," survey August 2019. To be included, firms had to offer online trading of stocks, ETFs, funds and individual bonds. Results based on ratings in the following categories: commissions and fees, investment choices, mobile app, tools, research, advisory services and user experience. Learn more at Kiplinger's Personal Finance popup, August 2019 © 2019 The Kiplinger Washington Editors. Used under License. Merrill provides access to research from BofA Merrill Lynch Global Research, CFRA (powered by S&P Global), Morningstar and others. Rankings and recognition from Kiplinger's are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
Footnote 
The Chief Investment Office (CIO) develops the investment strategies for Merrill Guided Investing and Merrill Guided Investing with Advisor, including providing its recommendations of ETFs, mutual funds and related asset allocations. Managed Account Advisors LLC (MAA), Merrill'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 and mutual funds 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).

You may also be able to obtain the same or similar services or types of investments through other programs and services, both investment advisory and brokerage, offered by Merrill; these may be available at lower or higher fees than charged by the Program. The services that you receive by investing through Merrill Guided Investing or Merrill Guided Investing with Advisor will be different from the services you receive through other programs. You may also be able to obtain some or all of these types of services from other firms, and if they are available, the fees associated with them may be lower or higher than the fees we charge.
Footnote 
Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2018 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 BofA Securities, Inc ("BofAS") and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC popup, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to Institutional Investor popup. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.
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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss in declining markets.
Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, a registered investment adviser, Member Securities Investor Protection (SIPC) popup and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp").
Merrill Lynch Life Agency Inc. (MLLA) is a licensed insurance agency and wholly owned subsidiary of BofA Corp.

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 offered through MLPF&S and insurance and annuity products offered through MLLA:
Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value
Are Not Deposits Are Not Insured by Any Federal Government Agency Are Not a Condition to Any Banking Service or Activity


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