Note: This article is about rolling a 401(k) account into a Roth IRA. For information about rolling your 401(k) into a traditional IRA, see this article. Previously (prior to 2008) to rollover your 401(k) into a Roth IRA you had to use the following process: Open a traditional IRA Rollover your 401(k) to the traditional [...]
There are exceptions, but for the most part, if you have an old 401(k) account sitting with a previous employer, it’s a good idea to roll it into an IRA. The administrative costs are usually lower, and you’ll have access to more (and better) funds. In terms of where to rollover your 401(k), you have [...]
As we’ve discussed previously, it’s usually a good idea to roll your 401(k) into an IRA after leaving your job. But what exactly do you have to do to rollover a 401(k) account? In most cases, it’s just 3 easy steps. There are, however, some potential pitfalls along that way that you’ll want to avoid. [...]
If you’ve left a job recently, that’s one of the big questions you have to answer. Luckily, with very few exceptions, the answer is easy: Yes, rollover your 401k. Better Investment Options in an IRA There’s no question that reducing your investment costs is one of the most reliable ways to improve your investment returns. [...]
Selecting funds for your 401k money isn’t always the easiest thing in the world. Often, the situation looks something like this: You’ve never heard of any of the investment options, and There’s no low-cost index fund option. (Note: If there is, it’s pretty likely that this is your best bet.) Target retirement funds are usually [...]