There are a variety of different options available to you when it comes to rolling over your 401k retirement plan. You can rollover into a traditional retirement plan or you can rollover into other plans such as a precious metals IRA (also known as agold IRA). Further, you have the choice...
and then within 60 days, you put the money back into an IRA or 401(k). The downside to this is the employer plan is still required by the IRS to withhold 20% of the distribution. You would then need to make up the 20%, or possibly pay a 10...
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.