Guide To 401(k) And IRA Rollovers

When you leave an employer for non-retirement reasons, for a new job or just to be on your own, you have four options for your 401(k) plan. You can:

  • Roll the assets into an IRA or Roth IRA
  • Keep your 401(k) with your former employer
  • Consolidate your 401(k) into your new employer’s plan
  • Cash out

Let’s look at each of these strategies.

Rolling Over 401(k) to an IRA

Traditional IRA

Roth IRA

Deciding Which IRA to Choose

Keeping the Current 401(k) Plan

Rolling Over to a New 401(k) 

Cashing Out: The Last Resort

Don’t Roll Over Employer Stock

Moving Your Money

The Bottom Line

Source link

Technical Analysis, Stockmarkets Insights, Trading Tools:
Register New Account
Reset Password