401(k)s and IRAs have many unique features that may be beneficial, depending on your circumstances. However, the decision to roll funds out of a former employer’s plan involves more factors than just fees and investment selection.
This flowchart addresses some of the most common issues that should be considered before doing a rollover, including:
- Common IRA and 401(k) features and differences
- Net Unrealized Appreciation options
- Age-based distribution options
- Taxes and penalties in an IRA versus a 401(k)
- Availability/existence of loans and the impact of a rollover
- Hardship Withdrawals
- Substantially Equal Periodic Payments
