How long does it take to roll my retirement plan assets to a Fidelity IRA?
A rollover takes three steps: Opening the appropriate IRA, contacting your former employer(s) or the recordkeeper of your former employer’s plan and providing what they may require to process the distribution, and moving the money into your new Fidelity IRA. Note that if you have an existing IRA at Fidelity, you can roll your assets into that account. Refer to related question in FAQs for more information. Opening a Fidelity IRA can take between 15 and 30 minutes. Then you’ll need to reach your former employer or the recordkeeper of your former employer’s plan, and they will send you a form for you to fill out that directs them to move your retirement assets to Fidelity. (A Fidelity Rollover Specialist can help by calling your employer’s plan recordkeeper while you are on the line and communicating your needs to them.) Once that paperwork is finished, it is up to your former employer’s plan administrator to move the money. This may take several weeks.
