IRA Rollovers

Rolling over a 401(k) refers to moving the assets from a previous employer sponsored 401(k) account to an IRA. When you are no longer employed by the company that sponsors your 401(k), it is usually best to roll it over to an IRA. 401(k) accounts incur maintenance fees and can also having trading restrictions and limitations. By rolling it over to an IRA, you have more control over your investments and have access to lower cost funds.If you have unique value in your 401(k) from your employer, such as subsidized investment options, it might make sense to keep your 401(k) with a previous employer. Though these situations are rare, a common example is the TSP offered to military and federal employees.