Retirement planner's secret 401k rollover advice revealed

The 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. Unlike most employer-sponsored plans, which may limit your choices to a handful of mutual funds, IRAs typically offer a broader array of stocks, bonds, and other investment vehicles. This flexibility allows you to tailor your investment strategy to better align with your risk tolerance and retirement goals.

Moreover, IRAs often come with lower administrative fees than 401k plans, which can significantly affect your savings over time. By minimizing these costs, you can ensure that more of your money remains invested, compounding and growing until you need it¹.