 Quote:
Originally Posted by Eyerishgold
Roll it over. Why would you leave your money with a company you don't work for any longer? You have so many more options available to you when you rollover your 401k into an IRA. With a 401k your investment choices are extremely limited. You're limited to maybe 10-15 options. When you roll it into an IRA you have you have the entire world of investment options open to you.
Sure you may not be able to contribute as much into an IRA as you can into a 401k but if you leave your money where it is, you can't contribute anything.
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The only downside to investing outside of your 401K is that some funds might be closed to you unless you have a substantial initial investment. I can't think of the fund I'm in right now, but I read somewhere that the minimum investment was $250,000? You also have to pay broker fees from what I can see when you actively manage your funds? Fidelity had some sort of IRA, but the returns weren't so hot. I'm getting near to 20% a year returns with my current 401K investments.
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