401(k) to IRA: Avoid Costly Rollover Mistakes During Job Changes
Friday, 13 September 2024, 10:00
Understanding 401(k) to IRA Transitions
As you transition jobs, the question of moving your 401(k) into an IRA arises. This can be a swift process, but failing to pay attention to details can cost you significantly.
Common Mistakes to Avoid
- Ignoring Fees: Always check for potential fees associated with your new IRA.
- Forgetting About Taxes: Understand the tax implications of rolling over your funds.
- Missing Out on Benefits: Some 401(k) plans offer unique investments or match contributions that you might lose.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.