For starters, IRAs generally give investors a broader array of investments compared to what's available in the 401.Investing expenses also differ between 401 plans and IRAs.
Fund fees for domestic stock mutual funds in a 401 averaged around 0.45%, while domestic bond funds cost 0.35%, according toSmall 401 plans — particularly those with less than $10 million in assets — are more costly. These fees can be as high as 1.19% to 1.95%,Meanwhile, advisors can charge approximately 1% to manage your rollover assets in an IRA.This federal law requires individuals who manage the plan to act as fiduciaries and operate in the best interest of the participants.
Work with your financial advisor before you decide on how to proceed, as the answer that's right for you will depend on your taxes, time horizon and other income sources you hold.
Hi, I read your article with CNBC. Are the taxes you are referring to upon distribution related to traditional 401Ks? I have a Roth 401K and I was under the impression I would not be taxed later because of the post tax dollars invested. Thanks!
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