We posted the first question here, the following is the second question you should ask yourself -
‘What are my fees and investment options?’
Rolling your 401(k) into an IRA can reduce your management fees and provide more investment options, but if price is not part of the consideration, it is important to know what you're paying for and feel comfortable with the value you get.
In addition, the Financial Industry Regulatory Authority, or Finra, recently issued a regulatory notice, warning firms against overselling clients on the strategy of shifting retirement dollars from 401(k)s to IRAs when they retire or change jobs.
Whether you leave your 401(k) where it is or you move it into an IRA, make sure that you're assessing which retirement plan will serve you best.
Keep reading for the third question to ask and the answer.
‘What are my fees and investment options?’
Rolling your 401(k) into an IRA can reduce your management fees and provide more investment options, but if price is not part of the consideration, it is important to know what you're paying for and feel comfortable with the value you get.
In addition, the Financial Industry Regulatory Authority, or Finra, recently issued a regulatory notice, warning firms against overselling clients on the strategy of shifting retirement dollars from 401(k)s to IRAs when they retire or change jobs.
Whether you leave your 401(k) where it is or you move it into an IRA, make sure that you're assessing which retirement plan will serve you best.
Keep reading for the third question to ask and the answer.
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