Pros and Cons of Rolling Over Your 401(k) to an IRA

When changing jobs, deciding what to do with your 401(k) can be complex, with options to leave it, roll it into a new employer’s plan, or transfer it to an IRA. Rolling over to an IRA offers advantages like a wider range of investment options, greater control over assets, and potentially lower fees, but it may also result in less creditor protection and the loss of tax benefits like Net Unrealized Appreciation for employer stock. Ultimately, the best choice depends on individual circumstances, such as investment preferences and financial situations.