B-Guy
Recycles dryer sheets
- Joined
- Nov 30, 2021
- Messages
- 185
My DW has a 401K, and when she retired and she is being offered three options.
Keeping it in her former employers retirement plan
Rolling it over into a IRA
Cashing out her 401K
Cashing out her 401K would be a poor choice.
It really boils down to keeping it in her former employers retirement plan, or rolling it into a IRA.
Can someone more knowledgeable in regards to retirement than myself point out the benefits or drawback of either option?
Keeping it in her former employers retirement plan
Rolling it over into a IRA
Cashing out her 401K
Cashing out her 401K would be a poor choice.
It really boils down to keeping it in her former employers retirement plan, or rolling it into a IRA.
Can someone more knowledgeable in regards to retirement than myself point out the benefits or drawback of either option?