Posted On: 03/24/2016 8:53:02 PM
Post# of 63840
Rollover IRAs are generally funded with the assets from an employer-
sponsored retirement plan, such as a 401(k) or 403(b). You might
decide to roll over to an IRA if you switch jobs, are unemployed
unexpectedly, retire, or your company decides to disband its retirement
plan. If you decide to roll over and you're part of a traditional 401(k) plan,
you roll over to a traditional IRA, and if your plan is a Roth 401(k), you roll over
to a Roth IRA.
You have several options, including leaving your funds in your
existing 401(k), if permitted; rolling over assets into a new
employer's plan; or cashing out your 401(k). You should consider
whether a rollover IRA is the best choice for you.
sponsored retirement plan, such as a 401(k) or 403(b). You might
decide to roll over to an IRA if you switch jobs, are unemployed
unexpectedly, retire, or your company decides to disband its retirement
plan. If you decide to roll over and you're part of a traditional 401(k) plan,
you roll over to a traditional IRA, and if your plan is a Roth 401(k), you roll over
to a Roth IRA.
You have several options, including leaving your funds in your
existing 401(k), if permitted; rolling over assets into a new
employer's plan; or cashing out your 401(k). You should consider
whether a rollover IRA is the best choice for you.
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