The Pros and Cons of Rolling over Your 401K
There are several options available to retirees as far as their funds are concerned. One of the most popular options is to roll over a 401k into an IRA after retirement . However, the popular choice is not always the best choice. Be sure to think carefully about the pros and cons of rolling over your 401k before you make any decisions about your retirement fund. Pro: Investment Options One of the greatest reasons to roll over your 401k into an IRA is the potential for a wider variety of investment options. Investment options in 401k plans tend to be fairly limited while IRA's, with few exceptions, often allow for the purchase of stocks, bonds, REITs, annuities, and many other kinds of investments. Rolling over your 401k may just give you the freedom you need to really start making your money work for you, and deserves consideration for this reason alone. You should be able to use your money they way you want. Con: Liquidation of Investments Rolling over may have negative implicat