Retirement accounts have multiple investment vehicles that can look a lot like Jay Leno’s garage. You can choose from hybrids (mutual funds), or classics (fixed accounts), sports cars (stocks) or utility vehicles (bonds). However, the most common retirement transportation is the 401(k), which is more like an Amtrak train. There are a lot of passengers heading in the same direction until it’s time to get off and choose a personal vehicle (an IRA) to get you to your final destination (retirement). When you leave a job you can choose to leave the 401(k) and “roll it over” into that personal vehicle that will carry you into retirement. In this episode of New Retirement Radio, Dennis Prout and Shea Petaja focus on six rollover options for your 401(k).
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