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Are You Doing Your 401(k) Rollover Wrong?
Make sure you know where your money goes when you shift it from a workplace plan to an IRA.
By Paul Katzeff, AARP. Reviewed by Martin Booker. Published November 26, 2024.
Want to avoid lopping $130,000 off your retirement nest egg when you roll over a 401(k) into an individual retirement account (IRA)? Try this one weird trick: Find out how your money is being invested.
That might not sound weird, or even like much of a trick. But not doing it is surprisingly common โ and can cost you a bundle in retirement.
https://www.aarp.org/retirement/planning-for-retirement/info-2024/401k-ira-rollover-mistakes.html