Here are some good tips for rolling over your 401K to an IRA. This is a good thing to do, because many companies charge your 401k a management fee, above and beyond the mutual fund management fee. IRAs are self directed by you, so you only pay a management fee for any mutual funds that you own. So, as soon as you leave your employer, roll over your 401k.
Chances are you’ll have to roll over a retirement account at least once in your lifetime. Most likely, it will be when you leave your current employer and take your 401(k) balance with you. Here’s what you need to know to avoid tax pitfalls.
Read Full Story: The right way to roll over your retirement accounts – MarketWatch
