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Do you want to leave the choice of your 401(k) investments to your former employer?
 for a complimentary meeting to learn more about 401(k) rollover.
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Did you consider...
Your previous employer can change investment choices without even asking you.
-Employers have the right to change your investment options periodically.
There may be restrictions on taking money out of your 401(k) plan.
-If you need emergency funds, the plan may limit your withdrawal options to a quarterly or annual window.
The cost of maintaining your account may be higher than an IRA.
-If your previous employer makes the plan pay the administration expense, your annual account costs may be more than an IRA.
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| 401k vs. IRA Benefits Comparison Chart |
| Topic |
IRA |
401(k) |
| Investment Options: |
Wide selection |
Controlled by your employer/ former employer |
| Fee Structure: |
Varies |
Many potential hidden fees making it more costly |
| Guidance: |
Access to local, full financial advice |
Only if provided by employer |
| Loans: |
No, but withdrawls are not subject to taxes or penalties if you pay yourself back within 60 days |
Yes, but typically not available to former employees |
| Required Minimum Distribution: |
If all accounts are registered the same, you can take the required minimum distribution out of one. |
You have to take out distributions from each account if your account registrations vary. |
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