When to Choose Different 401k Rollover Options

While there are many 401k rollover options for you to choose from, there’s one thing you’ll want to keep in mind before performing any of the viable options mentioned here below – how old are you?  As you might expect, your 401k rollover options are very different if you’re under the minimum retirement age of 59 ½ years old, as you may be subject to additional taxes and penalties if you perform certain types of rollovers at this age. Other rollover options can and will apply if you’re between the ages of 59 ½ and 70. Continue reading

Traditional IRA versus Roth – What are the Best 401K Rollover Options?

When considering the best 401k rollover options for your retirement planning, the “traditional IRA versus the Roth IRA” discussion will probably come up for you.  Of course, there are many advantages to doing a 401k rollover to either a Roth IRA or a traditional IRA – the right one for you will depend on a number of different factors.  Continue reading