a 401k is probably one of the investment options you want. For example, if you have an IRA (the most common rollover account) you will have to take a minimum amount every month after the age of 70. On the other hand, a 401k can stay intact until you actually retire. ...
If all or a portion of your rollover is coming from a designated Roth account (e.g., Roth 401(k) account, Roth 403(b) account or Governmental Roth 457(b) account), then you will need to open a Roth IRA to receive your designated Roth account assets. Article Footnotes 1 Some rollover...
maintaining the 401(k) plan gives you an option tobegin taking distributions prior to age 59½without penalty. If you rollover your 401k to an IRA or to a new employer’s 401k plan, this option is lost.
If all or a portion of your rollover is coming from a designated Roth account (e.g., Roth 401(k) account, Roth 403(b) account or Governmental Roth 457(b) account), then you will need to open a Roth IRA to receive your designated Roth account assets. ...