Transform Retirement with Hassle-Free 401k to IRA Guidance
Benefits of Rolling Over to an IRA
The primary advantage of rolling over your 401k to an IRA is increased flexibility. With an IRA, you can tailor your investment strategy to fit your specific retirement goals. Additionally, IRAs typically offer lower fees than 401k plans, which can lead to significant savings over time5.
Moreover, IRAs provide more withdrawal flexibility. While 401k plans typically restrict withdrawals until retirement age, an IRA allows for penalty-free withdrawals for certain qualified expenses, such as first-time home purchases or education costs6.