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6 best rollover IRA accounts of 2024

These leading brokers offer the best rollover IRAs for your old workplace retirement savings. We look at self-directed and automated options, investment choices, fees and more.

If you want to transition from an old employer-sponsored plan and consolidate your retirement assets, a rollover IRA is a solid option. It offers a non-taxable and penalty-free way to transfer money from an old employer-sponsored retirement plan to an IRA while preserving your money’s tax-deferred status.

No two providers are the same, so we compiled a list of the best rollover IRA providers using a methodology that evaluates costs, investment options, customer support accessibility and more. We also consider whether brokers offer any type of incentive for rolling over funds.

Our top picks for rollover IRA accounts

Our pick for educational content

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  • $0 commission stocks and ETFs and competitive options trading fees
  • Trade stocks, ETFs, options, futures, future options and micro futures
  • Pro-grade trading platform with cutting-edge risk analysis tools

Best for rollovers

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  • Get 1%–3% match on contributions, IRA transfers and 401(k) rollovers
  • Choose your investments or get a recommended portfolio of ETFs
  • Get bigger instant deposits, professional research and more with Robinhood Gold

Our pick for transfer bonus

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  • 1% match on IRA contributions and 401(k) rollovers
  • $0 annual fee and no options contract fees
  • Robo-advisor and financial planning sessions
  • Access private credit, venture capital and other alternative asset funds

6 best rollover IRA accounts of 2024

Why trust Finder

  • 15+ online brokers reviewed and rated by our team of experts
  • Evaluated under our unbiased rating system covering eight categories
  • 20+ years of combined experience covering financial topics

We're big on editorial independence. That means our content, reviews and ratings are fair, accurate and trustworthy. We don't let advertisers or partners sway our opinions. Our financial experts put in the hard work, spending hours researching and analyzing hundreds of products based on data-driven methodologies to find the best accounts and providers for you. Explore our editorial guidelines to see how we work.

Best overall

Fidelity IRA

4.6
★★★★★

Finder score

Minimum deposit$0
Retirement account typesRoth, Traditional, SEP, Rollover, Custodial
Annual fee$0 per year

Best for options trading

Tastytrade IRA

4.3
★★★★★

Finder score

Go to site Read review
Minimum deposit$0
Retirement account typesRoth, Traditional, SEP, Rollover, Beneficiary Traditional, Beneficiary Roth
Annual fee$0 per year
IRA matchN/A

Best for mobile trading

Interactive Brokers IRA

4.5
★★★★★

Finder score

Pro-grade mobile trading tools
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Minimum deposit$0
Retirement account typesRoth, Traditional, SEP, Rollover
Annual fee$0 per year

Best for beginners

Robinhood Retirement

4.4
★★★★★

Finder score

Go to site Read review
Minimum deposit$0
Retirement account typesRoth, Traditional, Rollover
Annual fee$0 per month
IRA matchUp to 3%

Best for financial guidance

SoFi IRA

4.1
★★★★★

Finder score

Go to site Read review
Minimum deposit$0
Retirement account typesRoth, Traditional, SEP, Rollover
Annual fee$0 per month
IRA match1%
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).

There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options

Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser.

Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see https://www.sofi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information

Probability of Member receiving $1,000 is a probability of 0.028%

Terms and conditions apply. Roll over a minimum of $20K to receive the 1% match offer. Matches on contributions are made up to the annual limits.

For full promotion terms please visit: https://www.sofi.com/acatoffer. SoFi does not accept cryptocurrencies and has limitations on some mutual funds and OTC stocks. Brokerage and Active Investing Products offered by SoFi Securities, LLC, Member FINRA/SIPC.

Best for mutual fund investing

Vanguard IRA

4
★★★★★

Finder score

Automated investment management with human support
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Minimum deposit$0
Retirement account typesRoth, Traditional, SEP, Spousal, Rollover
Annual fee$25 per month

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Methodology: How we choose the best rollover IRA accounts

Finder’s investments experts review 18 brokers available on the market to narrow down the best IRAs for trading and investing.

We analyze each platform based on 147 key metrics we collect directly from brokers and assess each provider’s performance based on eight different categories, weighing each metric based on the expertise and insights of Finder’s investment experts. We then score and rank each provider depending on how it performs in each category. If a broker offers a unique, standout feature that’s a key distinguisher between others, the broker is given additional recognition.

How we weigh the overall rating

Investment optionsTrading platformsTrading costsAccount feesAccount typesCustomer supportMobile app reviewsFeatures
21%12%9%13%5%8%8%25%

We update our best picks as products change, disappear or emerge in the market. We also regularly review and revise our selections to ensure our best provider lists reflect the most competitive available.

How do I open a rollover IRA?

Opening a rollover IRA isn’t much different than opening a brokerage account or bank account. With most providers, you can open a rollover IRA online in minutes.

Choose a broker or robo-advisor, and complete a brief application by providing personal information such as your name, address, date of birth and Social Security number. Completed applications are typically approved instantly, though the broker may take a couple days to verify your information. Follow these steps to roll over an old 401(k):

  1. Choose an IRA type. For pre-tax assets in a 401(k), open or use a traditional IRA. For after-tax assets in a 401(k), open a Roth IRA.
  2. Contact your old 401(k) plan admin for important information. Request a direct rollover of the 401(k) and ask what’s required to initiate the rollover.
  3. Choose your investments. Build a portfolio of stocks, ETFs are any other asset your IRA provider offers.

What to look for when choosing the best rollover IRA?

Finder’s picks for the best rollover IRA accounts are meant to provide you with a starting point for finding the right broker for your retirement. That said, it’s important to consider your personal preference and individual investing goals too.

Consider the following factors when comparing your options:

  • Fees. From trading fees to miscellaneous fees, it’s important to understand the cost to trade and invest. Consider which investment products you plan to trade and the fees that apply, but also be mindful of any back-end fees, such as inactivity or transfer fees, that can also eat into your profit.
  • Tradable assets. Not every IRA custodian offers the same investment options in an IRA as it does in an individual brokerage account. Stocks and ETFs are standard, but what if you want to expand into options, mutual funds or bonds?
  • Account types. What other account types, in addition to IRAs, does the custodian offer? Consider your other investment needs and how important it is to maintain all your accounts under one roof.
  • Research and data tools. In-house research and tools simplify investing, as you don’t have to venture elsewhere to make an informed decision about an investment. If you’re a passive index investor, extensive research and analysis tools may not matter all that much. Active stock pickers may feel otherwise.
  • Mobile app reviews. Mobile trading is more popular than ever, allowing you to trade and invest from anywhere. Check out what current or previous customers say about the platform’s functionality.
  • Signup bonus. While it may not make sense to choose an IRA custodian solely based on whether or not they offer a signup bonus, a new customer incentive such as a free stock may be enough to help you choose one over another if all else is equal.

Traditional IRAs vs. Roth IRAs: What’s the difference?

Before you open an IRA, you may want to consider the differences between traditional and Roth IRAs.

The main difference is how they’re taxed: Contributions to traditional IRAs are tax-deductible, but distributions in retirement are taxed. Roth IRAs, on the other hand, allow tax-free distributions in retirement, but you need to pay taxes when you make your contributions.

If you’re saving and building up gains in the account for a long time and think you’ll be in a higher tax bracket when you leave the workforce, a Roth may be a better option. But if a tax deduction in the year in which you made the contribution is more important, then a traditional IRA may be more suitable. Alternatively, open a traditional IRA and a Roth IRA, if you’re eligibile, for a choice of taxable or tax-free contributions and income when you retire. You can’t contribute more than the total contribution limit for that tax year to all your IRAs, and Roth IRAs have specific income limits you need to meet to qualify to open an account.

Why invest in an IRA?

Investing through an IRA up to the $7,000 ($8,000 if you’re age 50 or older) limit in 2024 can help grow your retirement savings at a potentially quicker pace than if you were to invest that same $7,000 in a taxable brokerage account. That’s because IRA contributions and earnings grow tax-free or tax-deferred and you can enjoy tax-deductions or tax-free withdrawals in retirement, depending on which IRA type you go with — traditional IRA or Roth IRA. Plus, trade most assets in an IRA just as you would in an individual brokerage account.

But not all Americans who buy stocks do it through one of these accounts, Finder’s Consumer Confidence Index shows. Of Americans that invest in stocks, 45% trade and invest through a taxable brokerage account. Only 25% invest through an IRA and take advantage of these valuable tax benefits, while 21% have no IRA at all.

Compare and find the broker that's right for you

Match your experience level with your trading and investing goals to find the right broker for you.
If you're a And want to Consider this
Beginner investor Do most or all of your trading on your mobile device Best stock trading apps
Beginner investor Trade and invest with as few fees as possible Best discount stock brokers
Beginner investor Outsource portfolio management automatically and at a low cost Best robo-advisors
Beginner investor Gain exposure to multiple assets like stocks, bonds or gold through a single fund Best ETF brokers
Experienced investor Get an overall idea of providers on the market and what they're best for Best brokerage accounts
Experienced investor Invest internationally in stocks, ETFs and other assets Best international stock brokers
Retirement saver of any experience level Save for retirement with upfront tax benefits Best (traditional) IRA
Retirement saver of any experience level Save for retirement and enjoy tax-free withdrawals Best Roth IRA
Investor of any experience level Diversify with low-cost index funds Best brokerage accounts for index funds 2024

Frequently asked questions

What are the disadvantages of a rollover IRA?

One disadvantage of rolling over funds from a 401(k) or other employer-sponsored retirement plan to an IRA is the loss of creditor protection. Depending on state laws, assets held in employer-sponsored retirement plans like 401(k)s may have greater protection from creditors in the event of bankruptcy or legal judgments compared to assets held in rollover IRAs. This loss of creditor protection could potentially expose your retirement savings to greater risk in certain situations.

Where should I open a rollover IRA?

Open a rollover IRA with a provider that charges the fewest fees and offers the investment options, tools and resources you want according to your investing style. Consider whether you want to manage your investments yourself or if you want an advisor or robo-advisor to manage your investments for you.

Is a rollover IRA a good idea?

A rollover IRA can be beneficial for consolidating retirement accounts, accessing a broader range of investment options and potentially reducing fees. However, consider the tax implications and loss of employer benefits and creditor protection before making a decision.

Paid non-client promotion. Finder does not invest money with providers on this page. If a brand is a referral partner, we're paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. Learn more about how we make money.

Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

Matt Miczulski's headshot
Written by

Editor, Investments

Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions. Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University. See full bio

Matt's expertise
Matt has written 209 Finder guides across topics including:
  • Trading and investing
  • Broker and trading platform reviews
  • Money management

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