When you leave your job, is it advisable to rollover your 401-K assets to a self-directed rollover IRA?

Rolling over your 401(k) assets to a self-directed rollover IRA is generally advisable for several reasons. Firstly, a self-directed IRA offers a greater variety of investment options compared to a traditional 401(k). This allows you to diversify your investments beyond the limited options typically available in an employer-sponsored plan, potentially leading to better growth opportunities for your retirement savings.

Additionally, rolling over your 401(k) into an IRA can also provide better control over your retirement funds. You gain the flexibility to manage your investments according to your personal financial goals and preferences. This is particularly beneficial if you are knowledgeable about the financial markets and comfortable managing your investments yourself.

Another important consideration is that maintaining the tax-deferred status of your retirement savings is essential. A rollover to an IRA ensures that you can continue to enjoy tax advantages that can support your long-term financial growth. Direct rollovers, in particular, avoid any immediate tax liabilities that could arise if you were to cash out your 401(k) instead.

In contrast, other options presented do not encompass the benefits of flexibility, investment diversity, and tax advantages that a rollover to a self-directed IRA offers. For someone not close to retirement or lacking a financial advisor, a rollover remains a beneficial choice, emphasizing that