Other more knowledgeable posters on this forum have pointed out that money left in a 401k is better protected from creditors.
Tomorrow, if one or both of us leave the employment (and start something on our own), what are our options with 401K - just keep it with the former employer?
If your 401k has high fees or limited investment options, however, you might be better off rolling the funds into an IRA. Similarly, if you and/or your spouse change jobs frequently, you can be left with lots of “stranded” 401k accounts. IMHO, it’s better to roll these accounts into your new 401k or IRA.
Statistics: Posted by Gaston — Tue Jun 04, 2024 10:43 pm