Rollover IRA - Comerica

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Rollover Individual Retirement Account (Rollover IRA)

When you retire or leave your current employer, you have to decide what makes sense for your retirement plan account. Your decision is important because it has an effect on your financial well being today and in the future. A Rollover IRA allows you to move your retirement plan account into an IRA account, while maintaining many tax benefits. Rollover IRAs can be opened at Comerica Bank or through Comerica Securities, and either can assist you with the rollover process, making the entire process easier than you’d expect.

Compare our IRAs

Purpose:

Redirect your retirement plan funds from a former employer.

Benefits:

Freedom to choose where to rollover your IRA
Avoid 20% tax withholding on cash distributions.
Avoid penalties for early withdrawal.
Maintain tax-deferred status.

Limitations:

You only have 60 days to rollover your retirement plan account into an IRA Rollover.

Deposit Options:

IRA Time Deposit—Fixed
IRA Time Deposit—Flexible
IRA through a brokerage account¹

Related Information

IRA Deposit Options: CDs

DISCLOSURES:

¹Securities offered by Comerica Securities:

Comerica Securities is a broker/dealer, member FINRA/SIPC and a subsidiary of Comerica Bank.

Comerica Securities does not provide tax or legal advice. Please consult a tax or legal advisor regarding your situation.