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Should i Rollover my 401k to an IRA
#1

Should i Rollover my 401k to an IRA

I am considering rolling over my 401k to an IRA so when its time to buy some property I can take $10,000 from my IRA penalty free because I am a first-time home buyer.

Only problem is an IRA is limited to $5,500 of contributions per year

So my question to you guys is "Should I rollover my 401k to an IRA so I can take that first time home buyers distribution or should I keep the 401k so I can contribute more then $5,500 per year?"
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#2

Should i Rollover my 401k to an IRA

Do both, it's good to have an IRA separate from your 401k, as evidenced by today's mini stock market crash.
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#3

Should i Rollover my 401k to an IRA

Quote: (08-24-2015 03:49 PM)DamienCasanova Wrote:  

Do both, it's good to have an IRA separate from your 401k, as evidenced by today's mini stock market crash.

This. Especially for the part where you control the IRA.You also going into an IRA can make the decision to go Roth and pay taxes now instead of later, but how much sense this makes depends on your individual situation.
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