5 Costly 401(k) Rollover Mistakes You Must Avoid скачать в хорошем качестве

5 Costly 401(k) Rollover Mistakes You Must Avoid

Full article: https://youngandtheinvested.com/401k-... Whenever you leave an employer for good, you often have a number of loose ends to address. And one of the most financially significant decisions is what to do with your 401(k) from your soon-to-be-former workplace. When you leave a job where you had a 401(k), you have a few ways to handle that money. In some cases, you might roll the funds from your old employer’s 401(k) into your new employer’s 401(k). But in many other cases, you’ll roll over your 401(k) into your own personal account—specifically, a rollover individual retirement account (IRA). Rollover IRAs have a number of benefits. They can keep your 401(k)’s tax advantage secure, they generally offer a wider variety of mutual funds to choose from, and they also typically allow you to invest in many other asset classes—individual stocks, individual bonds, exchange-traded funds (ETFs), and more—than you could ever touch in a 401(k). Just make sure you don’t botch an IRA rollover. Today, we’re going to introduce you to a few costly 401(k) rollover mistakes. The idea here is that by knowing what to look out for ahead of time, you can avoid these pitfalls and focus more on making the most of your newfound rollover IRA.