We strive to provide the highest level of client satisfaction, and handle each request with the utmost importance. We expect to respond to each request we receive within one business day of receipt.
Please note that trades cannot be processed via e-mail for security reasons. If your inquiry requires immediate assistance, please call us at
1-800-821-5129 (8:30 a.m.-6:00 p.m. EST, Mon-Fri).
Thank you for contacting Lord Abbett. A member of our staff will contact you between X:XXpm EST and XX:XXpm EST [today OR XX/XX/XXXX]. A confirmation has been sent to your email address.Close
Use this form to give us your feedback or report any problems you experienced finding information on our Website.
* Indicates Required Fields
Thank you for providing feedback.
Lord Abbett makes it easy to open a Rollover IRA. Anyone receiving a distribution from a qualified plan can take advantage regardless of your income or whether or not you are continuing to participate in a qualified plan. Find out about a no-cost Lord Abbett rollover IRA.
This material is intended as general information only and is not intended as legal or tax advice. Some of this information may be quite complex and we strongly suggest you consult with your advisor or tax professional based on your individual situation.
What is a Lord Abbett Rollover IRA?
When you retire or leave a job, your former employer is required to give you distribution options, one of them being the option of having an eligible distribution transferred directly, penalty- and tax-free, to an IRA or another qualified plan. Our no-cost rollover IRA should be considered.
How does it work?
To start the IRA rollover process, it is generally a good idea for you to contact your former employer (owner, plan contact, or human resource representative) about any forms required to move the money. Some entities simply ask you to go to a Website and generate the request and/or the paperwork. If you are married, depending on the type of plan and/or its provisions, your spouse may need to sign a consent form to allow the rollover distribution.
You may be asked to complete an online or paper Distribution Election Form, which notifies your former employer how your assets should be distributed. If a paper form is used, it should be completed and returned as soon as possible to your former employer.
Completing a Lord Abbett Rollover IRA application will establish an IRA account and generate an account number. Your former employer may need the account number before transferring your account balance. Click here to access Lord Abbett's IRA rollover forms.
Your former employer will issue a check (or wire) payable to the new custodian. When Lord Abbett is the recipient, the check should be made payable to "Lord Abbett Family of Funds, IRA for [Your name]." To ensure a smooth transition, the newly established account number and the words "Direct Rollover" should appear on the check.
Fund sales charges may apply.
Who should consider a Rollover IRA?
How does Rollover IRA benefit you?A Rollover IRA offers several potential benefits, including:
1 Income whose taxes can be postponed until a later date; examples include IRAs and 401(k) plan earnings.
Note: Be careful if you have a participant loan at the time of distribution. Generally, unless the plan has provisions to the contrary, the outstanding loan balance will become taxable income, if it is not repaid before transferring the former employer's plan account. Rolling over a plan loan is not permitted in an IRA.
Diversification does not guarantee a profit or protect against loss in declining markets.
An IRA rollover may involve the application of fees and charges to the investor.
Lord Abbett will waive (or otherwise pay) the yearly $10.00 custodial fee that would be charged each year on an ongoing basis to every new IRA account and, therefore, will not assess a custodial account fee in 2013 or any year afterward. Free also applies to the Federal Express (FedEx) charges currently absorbed by the B/D to submit paperwork to DST to open a Lord Abbett IRA account. Fund level fees and expenses are still applicable. Please see the current prospectus.