Should I Roll Over My 401K When I Retire?
Newly retired persons should choose what to do with the money in their company-sponsored 401( k) plan. You can generally keep your 401( k) with your former workplace or roll it over into a specific retirement account. IRAs save the tax benefits of your 401( k) plan and offer you more investment alternatives. However, many situations make good sense to maintain your money in the 401( k) plan. Right here's just how to decide what to do with your 401( k) when you retire: You can begin 401( k) distributions [...]