Want more investment options than what’s available in your 401(k)?

Controversy continues to surround the investment options and fees associated with many of today’s 401(k) plans. The 401(k) is increasingly the sole investment vehicle people are utilizing for retirement planning; as such, the vehicle has been put under the microscope in recent years.

We recommend that some of our clients consider using a little known maneuver called an in-service rollover to escape a plan with high fees or lack of investment options. For retirees hoping to take full advantage of their last few years of saving before retirement, the in-service rollover can be an opportunity.

Mike on FOX Business discussing in-service rollover

The in-service rollover allows people at the age of 59 and a half (and sometimes even younger) who are still working to roll money from their 401(k) into an IRA without paying tax now, a move that offers more investment options. The rules are complicated, but for a pre-retiree who is eager to take advantage of a larger basket of investment choices, it’s a good fit.