If you’ve got an old 401(k) lying around, you might be wondering what to do with it. One common choice is to move the funds into an Individual Retirement Account through a process called a rollover.
What is a rollover IRA? A rollover IRA is new IRA account where you can keep funds from previous employers’ retirement accounts. Most are self-directed accounts with many fund and stock choices, including target-date funds.
If you’re not sure whether a rollover IRA is right for you, here are some factors you should consider before rolling over:
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