No. of Recommendations: 0
With a 401K you do not have to take a lump sum. However, when you leave the company, for retirement or otherwise, most people recommend rolling it over to an IRA because you have more options, particularly with a brokerage like Ameritrade or Brown.

I do not remember at this time what the income limits are for the Roth IRA, but so long as you are not married all you have to consider is your own income(s) separately.

When you take money out of your IRA on retirement, you have to do it based on your life expectancy, or joint with your spouse. If the minimum that you have to take out puts you in a higher bracket, consider yourself very fortunate - or more accurately very responsible.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.