The Main Advantages of Rolling
Over a 401k to an IRA:

WIDER SELECTION OF INVESTMENT CHOICE

Your 401k is likely limited to a small sample of the investment options that are available. However, with an IRA, most types of investment are available to you, including not just mutual funds, but also individual stocks and exchange-traded funds (ETFs). Having more options can help you develop a better long-term strategy for your retirement savings.

LOWER COSTS

Depending on your 401k plan, there may be lower-cost fund options in an IRA.

FLEXIBILITY FOR WITHDRAWALS

Rolling your money into an IRA will enable you to manage your withdrawals and the taxes you’ll pay on them. In addition IRA’s could offer more flexibility in determining which assets to liquidate vs a 401k which typically takes an equal amount out of each of your investments.

MORE CONTROL

If you find that a fund in your 401k is not performing well, you may not be able to find another investment option to switch to as easily as you can with an IRA.

WEALTH TRANSFER ADVANTAGES

Upon your death, there’s a good chance that your 401k will be paid in one lump sum to your beneficiary. An IRA generally allows you to name multiple beneficiaries—or even a trust as a beneficiary.

FEWER RESTRICTIONS

Understanding your 401k is not easy – each company has a lot of flexibility in how they set up the plan. IRAs are standardized by the IRS.

At the end of the day there are pros and cons to both the 401k and IRA models. 401ks have advantages not available in an IRA model. Our process will help you determine if the IRA platform is the right option for you. We will be glad to talk to you about your options.