Should You Roll Your 401(k) Into an IRA Right After Being Fired or Wait It Out?

Key Takeaways Leaving your 401(k) with your former employer keeps funds invested and growing tax deferred, but you can’t make new contributions. Rolling over the funds to an IRA gives you more investment choices, lower fees, and greater control over your savings. Transferring the funds to a new employer’s 401(k) can maximize employer matches and consolidate accounts, but new plans may have limited options or higher fees. When you leave a job, it's important to decide what to do with your 401(k), ...