Rolling over an old 401(k) into another retirement account, like an IRA or a new employer's 401(k), offers several benefits.
It simplifies your financial life by consolidating accounts, broadens your investment options, and can lower costs.
It provides control over your investments, flexibility in estate planning, and control over the timing and taxation of withdrawals.
Plus, when changing jobs, it keeps your retirement savings on track without penalties.
Let's talk more before you decide.
Before deciding whether to retain assets in a 401(k) or roll over to an IRA, an investor should consider various factors including, but not limited to, investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions and possession of employer stock. Please view the Investor Alerts section of FINRA website for additional information.