Maximize Retirement Gain with 401k Rollover Secrets Unveiled
Benefits of a 401k Rollover
One of the primary advantages of rolling over your 401k into an IRA is the expanded range of investment options. While employer-sponsored plans often have a limited selection of funds, IRAs typically offer a broader array of investment vehicles, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). This flexibility allows you to diversify your portfolio and potentially enhance your returns over the long term1.
Additionally, rolling over to an IRA can lead to cost savings. Employer-sponsored plans often come with administrative fees and management costs that can erode your savings over time. By transferring your funds to an IRA, you may be able to reduce these expenses, depending on the provider and the type of investments you select2.