Are the fees lower in your 401(k) than in your IRA? Would you like all your retirement dollars in one pot? Do you prefer your 401(k)'s investment options?
If the answers are yes, yes, and yes, a roll-in could make sense, says Kevin O'Fee, a defined-contribution management executive at Fidelity.
First, find out if your plan permits it; about half do. (You can't add a Roth IRA, though.) Then think about when you want to get at the money.
You can make penalty-free withdrawals from a traditional IRA starting at age 59½; not all 401(k)s let current employees do that.
|Ousted Yahoo exec gets $58 million golden parachute|
|Canadians arrest a Heartbleed hacker|
|The real economy is finally doing better than the money economy|
|Hybrid laundromat-cafes are popping up across the country|
|Premarkets: Cautious after three-day rally|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.41%||4.44%|
|15 yr fixed||3.33%||3.31%|
|30 yr refi||4.39%||4.41%|
|15 yr refi||3.31%||3.30%|
Today's featured rates: