Two options, one choice – As retirement nears, should you keep funds in your employer’s 401(k) plan or roll over into an IRA?

Description

Abstract: There’s no one right answer about whether someone approaching retirement should roll over retirement assets or leave them in their 401(k) plan. But one thing is true for everyone — the choice can make a difference in their ability to achieve their long-term financial goals. Taxes and penalties, investment fees, opportunities for diversification, timing of withdrawals, the ability to borrow, and inheritance issues should all be considered in arriving at the best answer.