Rethinking 401(k) Rollovers

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ErafMadlord of VA 6:48PM May 11, 2013

This whole article is BS, ALL based on 2006 numbers and thinking, the peak before reality -now. It is 2013, everyone: Fidelity, Vanguard, Chuck Schwab, Etrade, etal now offers incentives to roll one's 401k to their IRA potfolio up to $600 CASH). Your economics of 2006 have very little to do with the economics of 2013. "(assuming in both cases an 8 percent annual return before fees are subtracted)", 8 per cent growth? WHERE? That's nearly 3x what 2013 is forcasted for. Get up to date. Your sad.

earlyretirementman of TX 11:14PM March 22, 2013

I agree. I received a rollover kit from RolloverCenter.com and it seems as though the IRA offers so many more options than my 401k. I keep investigating on the internet but it is clear a direct rollover is the way to go.

Heather Banks of NY 2:17PM December 29, 2012

This article makes me understand a lot, thank you for sharing!

Geogeirrarm of HI 2:42AM November 16, 2012

Jim,

Jim Hodsdon of ME 12:10PM February 14, 2012

These are some key things to consider, however it seems to be a good idea to rollover your IRA more often than not. Simply the lack of investment choices that are associated with many plans is reason enough. In addition, there is not going to be any match, or real benefit for rolling it into your next employer plan.
There are additional resources that you can use on our site that may help you to make this decision.
Mike Rowan
http://www.eRollover.com

Mike Rowan of GA 8:56PM December 09, 2010

Cap,
dont know if you are still seeking answer. long story short there can be some advantages to "rolling out" of your 401k/403b upon retirement. some financial vehicles allow for the assets to be passed outside of probate, also there are often more distribution options available(that could help prevent a large tax burden on heirs) what concerns me is that the people you are talking to are treating this as a priority. i am sure there are much more important things to be looking at first.

tim of WI 5:30PM December 08, 2010

What I don't get is the enormous push on the part of all the money-retirement centers to get you to roll-over your money for "better management" and "infinite" financialchoices. Somebody other than the beneficiary stands to make out big on this. Several years ago I was told by my 403K providers to forget such a thing at my age; now that I'm ready to tap my 403K, every planner, including those associated with my annuity, are trying to get me to roll over. Seems fishy to me. My only question is: upon my decease what happens to my money (I expect a considerable sum to survive me)? Is it still there for my heirs and designated causes? If so, is it subject to more taxes to my heirs than it would be if I had rolled it over? Stop commanding: Rover, roll over! Give me compelling REASONS. I'm happy with my current management of my retirement money, and I certainly don't need more let alone infinite choices to choose among. (Looking at 10-year records and beyond, it appears to me that stocks, bonds, and everything else you can think off, converges and averages about the same.)

Cap of WI 11:54AM November 03, 2010

What I don't get is:
1. If I'm trying to roll over a 401K with my previous employer to a traditional IRA, am i subject to the $5000 contribution per year limit? Also, can I deduct the whole amount of my rollover even though I make more than $66K a year?

Lily of MO 1:58PM October 22, 2010