Evaluate Your Investment Options

Most plans have a limited investment choice. If you’re happy with the provided investments, there’s no reason to switch. However, IRAs have a more comprehensive selection of investment options than 401(k) plans do. You might be happier rolling it into an IRA.

Typically, 401(k)s don’t have an extensive catalog of investment choices. A standard plan might have a few dozen funds.

At the same time, an IRA can provide thousands of investment choices, including a whole gamut of individual securities, bonds, mutual funds, and exchange-traded funds.

By switching into an IRA rollover, you should be able to build the portfolio you want and get the rate of return you need so you don’t outlive your money.