A Brokerage Rollover IRA is a special kind of individual retirement account that is established by investors who change jobs or retire and receive an eligible distribution from their employer's qualified retirement plan, such as a 401(k), 403(b), 457, money purchase pension or profit sharing plan.

Advantages
  • Generally, earnings grow tax deferred and are taxed at your ordinary income tax rate upon withdrawal.
  • CheckWriting is available to investors who are over age 59½.
Eligibility If you have an eligible distribution from an employer-sponsored retirement plan due to changing jobs or retiring, you may open a Brokerage Rollover IRA.
Investment Choices Choose from a wide array of load and no load mutual funds, as well as publicly traded stocks and bonds.
Minimum Initial Investment $2,500
Annual Contribution Limits Contributions not allowed. You can open a Brokerage Rollover IRA only for the amount of the eligible distribution from your employer-sponsored retirement plan.
Withdrawals
  • Early withdrawal penalties may apply for withdrawals prior to age 59½.
  • Withdrawals for special purposes may be permitted prior to retirement.
Distributions Minimum distributions required beginning at age 70½.
Service Fees An annual IRA custodial fee may apply.
Secure Online Account Access Simply create a User Name and Password and Log In for secure online account access to:
  • View account balances
  • Conduct online transactions
  • View online statements
  • Perform account maintenance, such as changing your address
  • And more.

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

Brokerage Services are provided by American Century Brokerage, a division of American Century Investment Services, Inc., registered broker/dealer, member , .