The Details
Roll over distributions from an eligible employer-sponsored retirement plan, such as a 401(k) or 403(b).
Tax advantages*:
Money earned in the account grows tax deferred—pay taxes on your earnings when you withdraw money from the account.
Eligibility*:
Anyone with eligibility employer-sponsored retirement assets—generally, all pre- and after-tax contributions and earnings. (Required Minimum Distributions, certain substantially equal periodic payments, and hardship distributions can't be rollover over.)
Withdrawing money at retirement*:
Begin withdrawing money after you reach age 59 1/2 and no later than April 1 of the year after you turn 70 1/2. (There may be IRS penalties for early withdrawals.)
*WaMu Investments, Inc. doesn't provide tax advice. Not all tax advantages may be available to you. For tax-related or eligibility questions, please consult with your qualified tax advisor about your specific situation.
Washington Mutual Bank is the Trustee of Washington Mutual IRAs; certain IRAs are administered on Trustee's behalf by WaMu Investment Services. WaMu Investments, Inc. is an affiliate of Washington Mutual, Inc. and its banking subsidiaries.
Get started!
An investment professional can provide information on plans we offer so you can choose a retirement account that meets your financial needs.
Talk to one of our investment professionals at a WaMu financial center near you for a free consultation for more information. Talk to your qualified tax advisor about your specific situation.
Account Options
We make it easy for you to contribute to and take distributions from your IRA. Once you've established a Traditional IRA, you can sign up for:
- IRA Phone Contributions: make one-time IRA contributions by phone
- IRA Automatic Contributions: set up automatic monthly contributions
- IRA Phone Distributions: request a one-time IRA distribution
