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Four reasons you should roll over your 401k into an IRA by Jeff Rose of Good Financial Sense.com.

Transitioning from one job to another often leaves employees with the crucial decision of managing their 401K plans.

This article delves into four compelling reasons why rolling over your 401k into an individual

retirement account, an IRA, could be a beneficial move, offering a buffet of investment options,

simplifying financial management, gaining control over retirement income, and more discretion over required minimum distributions.

Today, I'll answer a common question I get from a lot of people. It goes something like this.

You're working somewhere and you change jobs. Maybe you decided to go somewhere else. You were laid off,

or you were fired. Whatever the reason,

if you've been there for a while, you most likely participated in the 401k plan. Now that you've

left that job and you've started your new job, you have to make a very, very important decision

on what to do with that 401k. The common question I get is this. Jeff, I've got an old 401k. Does it make sense to roll it

over into an IRA? Depending on your situation, most likely I will say yes. But there are some instances

where it could make sense to roll it into your existing 401k, which I'll address at another time.

Today, I want to make the case why you should at least consider rolling over the to your existing 401k, which I'll address at another time.

Today, I want to make the case why you should at least consider rolling over your 401k into an IRA.

Number one, more investment options. First and foremost, you want more investment choices. Most commonly, what I see in most 401 plans, you're going to have approximately

12 to 15 investment choices to choose from. I've seen some bigger plans that are going to have

40, 50, or maybe even 60 investment choices. But generally, this is what I see. If you take that

money and roll it over into an IRA, instead of just having those 12 to 15

investment choices, now you just opened up the world of all the different investment options that you have.

If you want to invest into individual stocks, you can do so in an IRA. Most likely, you weren't allowed

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