What should I do with my old 401(k) / 403(b)?

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Important Considerations To Your Decision

Please indicate below the level of importance you place on each topic with 1 being "Not Very Important" and 5 being "Very Important".
FEES

Most investment options have fees. Most accounts that hold those investments also have fees. Those investment fees are expenses taken out of your investments to pay for the operation and continuous management of each investment. Fees are a necessary part of investing, but they are something you should pay close attention to because they reduce the return of your investment and can affect the performance of your individual holdings and account overall. While you typically can’t avoid fees entirely, it’s important to know what you’re paying for. 


AVAILABLE SERVICES
Some plans may offer a wide range of services such as managed accounts, participant investment advice and one-on-one education sessions, while other plans may offer more limited services. 

AVAILABLE INVESTMENT AND/OR PRODUCTS
Some plans may offer limited choices, while others provide a broad range of investments, including both active and passive strategies, or even brokerage account windows providing participants wider latitude in choosing investments. Confirm the level of importance to the Retirement Investor and help him/her compare the investments available in the plan to what is available in an IRA to assess which one best aligns with his/her needs.
 

GUARANTEED INCOME
Access to guaranteed income and/or interest rate guarantees may be valuable to help manage income and/or investment risk. 

TAX CONSIDERATIONS
Important tax considerations when evaluating whether to roll over a plan account to an IRA, may include, but are not limited to, application of Required Minimum Distributions (RMDs), application of the additional 10% tax, Roth tax treatment, employer stock taxation, beneficiary implications and more. 

DISTRIBUTION CONSIDERATIONS
Some plans may offer a wide range of distribution options while others may offer more limited options. IRAs are generally more flexible. 

BENEFICIARY CONSIDERATIONS

Federal law requires spousal consent before naming non-spouse beneficiaries on individual account plans (i.e., 401(k) plans), but some states do not. Additionally, some plans may require an account to be cashed out upon death, whereas IRAs may provide more flexibility to heirs in terms of taking RMDs. 



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