Should I roll an old retirement plan into an IRA?

Question

I am working to make better use of my workplace retirement plan and IRA options. As things stand, I have choices about pretax versus Roth contributions, an employer match, an old plan from a prior job, and beneficiaries. This choice affects my spouse or another family member too, which makes access to cash, tax effects, and flexibility especially important.

Soradin · Accepted Answer

Compare fees, investment options, creditor protection, loan features, required distributions, and consolidation benefits. When the options are compared, retirement accounts have contribution, withdrawal, beneficiary, and tax rules that differ from regular investment accounts. The plan should quantify cash needs, timing, taxes, liquidity, and the risk of a bad outcome before money is committed.

Should I roll an old retirement plan into an IRA?

Soradin

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