Looking for some basics here. I still have at least 5 years probably but need to start thinking about
Sounds like most roll it into a Traditional Roth? I don't think the tax benefit for rolling it into a Roth IRA and paying the taxes will work for me.
When you roll it over to a Traditional IRA, does that mean you maintain control much like the 401K, in where thr money is allocated or does the broker take control and charge a fee? Or is either an option?
Again, I'm just starting to look at this stuff so talk to me like I'm a teenager
Sounds like most roll it into a Traditional Roth? I don't think the tax benefit for rolling it into a Roth IRA and paying the taxes will work for me.
When you roll it over to a Traditional IRA, does that mean you maintain control much like the 401K, in where thr money is allocated or does the broker take control and charge a fee? Or is either an option?
Again, I'm just starting to look at this stuff so talk to me like I'm a teenager