USA Today...How to handle your 401k After retirement
Our Rollover Center goes over this in detail.
The better option is to take the lump sum and roll it over into an IRA. By doing so, you further defer paying taxes on the amount until you withdraw it from the IRA, and you can invest that money in a wider variety of investment choices than you had within the 401(k) account. As long as you're mindful of fees and choose smart investments, the rollover option is one of the most popular and often makes the most sense for those who are willing to do their investing homework.
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