Rollovers from Employer Retirement Savings Plans: Factors to Consider
Originally from Broadridge Content. Read the original article on the publisher’s site.
There are many factors to consider when deciding whether to roll over a distribution from a 401(k), 403(b), or governmental 457(b) plan 1 , and where your rollover dollars should go if you decide to make a rollover. Always (1) ask about possible surrender charges that may be imposed by your existing employer plan, or new surrender charges that your IRA or new plan may impose, (2) compare investment fees and expenses charged by your IRA or new plan (and investment funds) with those charged by your existing employer plan (if any), and (3) understand any features, rights, and guarantees you may be giving up, or gaining, by moving your funds to an IRA or new employer plan.
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