Rollover IRA

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

Get started with a Rollover IRA - important (moves focus down)

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).
  • For 2017, your contributions to all of your Traditional and Roth IRAs cannot be more than $5,500 ($6,500 if you're age 50 or older), 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 70½.
  • 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 Investment Services, Inc., has solutions to help you reach your goals.

Ready to get started?

Phone

Arrange a meeting

800-642-8545

Online

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

Mail

Send certificates and correspondence to:

BB&T Investment Services, Inc.
200 S. College St., 11th Floor
Charlotte, NC 28202

Still exploring?

Find out if you're on track to meet your retirement goals with this handy calculator.

Make sure you're avoiding these pitfalls to create better financial habits.

Conducting a mid-year check-up on key financial areas—budget, credit score, retirement savings, life insurance—will allow you to adjust if needed to keep your annual financial goals on track. Here are some important aspects of a financial check-up.

Not convinced that a Rollover IRA is right for you?

Compare all IRAs

Only deposit products are FDIC insured.

BB&T Investment Services, Inc., is a Member FINRA, Member SIPC. Learn more at www.finra.org (opens in a new tab) and www.sipc.org (opens in a new tab)

Investment products offered through BB&T Investment Services, Inc. are:

  • Not a deposit
  • Not FDIC-insured
  • Not guaranteed by a bank
  • Not insured by any federal government agency
  • May go down in value

The information provided should not be considered as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.

FINRA's BrokerCheck® is a free tool designed to help investors research the professional backgrounds of current and former FINRA-registered brokerage firms and brokers. Investors may access BrokerCheck by: 1. Visiting the BrokerCheck website at brokercheck.finra.org (opens in a new tab), or 2. Calling FINRA's BrokerCheck toll-free hotline at 800-289-9999 Monday through Friday from 8 am to 8 pm ET.

Market data information is obtained from third-party sources believed to be reliable, but is provided "as is" with no warranty. Market data is provided for informational purposes only, does not constitute investment advice, and may not be used for trading. Market data is for the individual use of each site guest, and may not be copied, downloaded, stored or redistributed. Quotes are delayed 15 minutes. Some index information is proprietary to the index owner. Data access and usage is subject to the terms and conditions imposed by our third-party sources. Access or use of any data indicates agreement to these terms.