Transferring Your 401(k) To An IRA? 5 Things You You Need To Know To Avoid Getting Burned

Trillions of dollars in 401(k) assets are on the move as employees retire or change jobs. It’s not difficult to transfer these funds, but there’s a lot you need to know to avoid getting fleeced.

Hundreds of financial service companies are overcharging 401(k) investors to set up Individual Retirement Accounts (IRAs). Investment and brokerage fees that they charge can quickly devour your nest egg. This massive marketing pitch is accelerating as some 10,000 Americans daily turn 65.