rolling over from 401k to ira
I have 401k at principle from my employer. I am thinking of rolling over to IRA cd. Who should I consider for IRA cd, who has the best rates?
Thanks
Terry Says
Well, first, if you’re still employed your plan likely has a rule that says you CANT roll over! If you’re retired or left the company, that’s a different matter.
And second, I’m not sure if you want to put ALL your retirement savings into a CD. That will barely keep up with inflation, and you may be disappointed as rates come down.
So a lot depends on your age, your employment status, and your goals for this money. If you’ll write back with more info I will be happy to get more specific.
