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Recycles dryer sheets
- Joined
- Jan 8, 2017
- Messages
- 264
I am two years away from retiring but have reached 59 1/2. I called Fidelity last week and my 401k allows rollovers to my IRA.
Since my 401k is roughly twice the size of my IRA and has limited investment options I have struggled with efficient asset allocation in recent years.
Before I transfer it though I'd like to hear Pros and Cons I may be overlooking. The Fidelity rep pointed out two - lower expense ratios for some funds in the 401k and better protection from creditors (the latter is not a concern for me). I also know I could take a loan from my 401k.
Anything else I should be considering?
Since my 401k is roughly twice the size of my IRA and has limited investment options I have struggled with efficient asset allocation in recent years.
Before I transfer it though I'd like to hear Pros and Cons I may be overlooking. The Fidelity rep pointed out two - lower expense ratios for some funds in the 401k and better protection from creditors (the latter is not a concern for me). I also know I could take a loan from my 401k.
Anything else I should be considering?