should I do with my 401(k)? As a Financial Advisor, I get this question often. The answer is that it depends on several factors. There are typically four options available for an old 401(K), leave it with your old employer, rollover to an IRA, rollover to a new employer, or cash ...
Cons of Rolling Over a 401k: Rolling a 401k over into a new retirement plan isn’t always the best option. Besides rolling a plan into a new employer-sponsored plan or a personally directed retirement plan, you can leave the plan as it is or cash out the plan. Depending on your situat...
as some plans allow, it makes sense to separate these contributions from the pre-taxed amounts. You can then convert this after-tax money directly over to a Roth IRA in most cases without tax. This is because the 401k isn’t subject to the “little...