Menu

Updated

Rollover: Can I consolidate a number of old 401k, 403b or TSP Rollover accounts into one?

You are welcome to consolidate multiple 401(k)s from previous employers into a single IRA account at Wealthfront. We wish we could handle the 401(k) rollover process just like we can a normal brokerage account transfer, but 401(k) rollovers are a bit different. Your former employer has an exclusive relationship with your 401(k) administrator so the administrator will need to hear from you directly. If you have an IRA account open and funded with us already, you can use the rollover steps below to consolidate your 401(k) into your existing IRA account. If you do not have an IRA account open with us yet, during the account opening signup flow you can select “rollover a 401(k)” and then “IRA” for the account type. For the rollover process itself, the vast majority of 401(k) providers will liquidate your account and send a check per your instructions.

Please note that some 401(k)s contain both a traditional (pre-tax) component and Roth (post-tax) portion. If this is the case, you will need to open both a traditional IRA and a Roth IRA using our website by clicking the “open a new account” link on your Wealthfront dashboard once you have one of the accounts open. The traditional component of your 401(k) should be rolled over to your traditional IRA account and the Roth component of your 401(k) should be rolled over to your Roth IRA account. In both cases your account must meet our $500 minimum.

When you call or email the 401(k) administrator to request a rollover, they will ask you how you want the rollover check made payable and where you want it sent.

Check Instructions:

The check should be made payable to "Wealthfront Brokerage Corporation" and should reference your name and your Wealthfront IRA account number. The check should be sent to:

Wealthfront Brokerage Corporation
PO Box 398773
San Francisco, CA 94139


Important: You must include your name and Wealthfront IRA account number in the Memo/Note line so we know which account to fund.

(You can view your account number by clicking on your name, then "Settings" and then the title of your account in the menu on the left).

If you are opening a new IRA account with us for your 401K rollover, our website will provide the above rollover instructions as well.

 

Was this article helpful?

Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.

Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.

Wealthfront prepared this article for informational purposes and is not intended as tax advice nor as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront does not represent that any strategy will result in any of the outcomes described, including the effectiveness of any strategy in reducing tax liability, as this depends on an investor’s specific tax and investment profile. Investors are encouraged to consult their personal tax advisors regarding their unique circumstances and any outcomes/consequences that may result from any investment strategy. Investors and their personal tax advisors are responsible for how the transactions in an account are reported to the IRS or any other taxing authority.

Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.

Financial advisory, planning, and investment management services are offered by Wealthfront Inc. (“Wealthfront”), an SEC registered investment adviser. Brokerage products and services offered by Wealthfront Brokerage Corporation, member FINRA / SIPC, and a wholly-owned subsidiary of Wealthfront.