Investing for retirement is a serious topic – and it’s no surprise that it’s one many people are uncomfortable with in light of the recent turbulence in the financial industry. If you’re thinking about performing a 401k plan rollover, you’ll want to be sure that the account provider you choose meets a number of different criteria. Let’s look at how to choose this company in more detail.
Why Should I Rollover My 401k?
For starters, performing a 401k direct rollover offers a number of different benefits, including a larger range of investment options and a more streamlined retirement investing process. Many corporate 401k plans restrict the number of investment options available to you, making it difficult to match the returns you can earn with an IRA account. Plus, if you perform a direct 401k rollover to IRA, you won’t owe any taxes or penalties on the transfer. Continue reading