Rollover IRA

Keep your retirement savings on course and reach your long-term savings goals

A Rollover Individual Retirement Account (IRA) has the same tax benefits as a Traditional IRA and there is no limit to the amount you can rollover from a qualified plan.

Best if you

  • Would like to have a broader choice of investments and keep your savings tax-deferred
  • Want to rollover assets from multiple former employer plans into one easy-to-manage account
  • Are interested in flexible distribution options

Benefits

  • Tax advantages are protected
  • No limit to the amount of tax-deferred money you can transfer
  • Generally, lower investment costs

For your information

It may be helpful to consider some of the contribution and distribution requirements when deciding if the Rollover IRA is right for you.

Contributions

When choosing a retirement plan, consider some of these contribution requirements for a Rollover IRA.

  • Eligible individuals may rollover savings from former workplace plans, including 401(k), 403(b) or 457(b).
  • Contributions to all of your Traditional and Roth IRAs cannot exceed the limit for that year(opens in a new tab), or your taxable compensation for the year, whichever is less.

Distributions

Rollover IRA withdrawal rules and penalty details vary depending on your age.

  • Your deductible contributions and earnings will be taxed as ordinary income.
  • For distributions, participants must be over age 59½, disabled, deceased or a first-time home buyer. There is a 10% penalty for withdrawals before age 59½.
  • Minimum required distributions start at age 72.
  • Under certain circumstances, you may be able to avoid the penalty on early withdrawals.

Whether your priorities include retirement, education, security, a life event, legacy planning—or all of these—BB&T Investments has solutions to help you reach your goals.

Ready to get started?

By phone

Arrange a meeting.

800-453-7348

Online

Leave us your contact info, and we'll call you back.

By mail

Send certificates and correspondence to:

BB&T Investments
200 S. College St., 11th Floor
Charlotte, NC 28202

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Market Trends

Not convinced that a Rollover IRA is right for you?

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