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...
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 out of the plan. Let’s look ...
If you’re at or older than age 55 and are not moving to a new employer (or are undertaking self-employment), 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...
The freedom and flexibility ofIRA investment optionsalso makes rolling over to a self-directed IRA an attractive option. You have the freedom to invest in real estate, private businesses, and precious metals (a relatively stable investment) which employer-sponsored plans may not support. You also ...
This decision shouldn’t be taken lightly – although it may be the best option for you. Moving to an IRA gives you much more control over your destiny, so to speak, by allowing you to choose from the entire universe of allowable investment choices, rather than a limited menu of investmen...