Orchid PE
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- Oct 28, 2019
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I've had to roll over my 401k twice before, and both times I rolled it into my IRA. I have MANY more investment options with my IRA than I do with my 401k. I'm pretty active with my investments, so having it in a IRA makes it easy for me to buy/sell. The investment options usually provided by companies for 401k accounts are okay, but with my IRA gains have smoked my 401k gains because of the better options. I use Merrill Edge and I just pick investments that don't require fees. Merrill has select stocks/funds that don't require me to pay fees as well (though, I have had to pay fees on Vangaurd funds, but I don't own any of those anymore).
I think 401k's are great for the employer match, but they usually don't allow you to select options that will out perform the standard target retirement funds.
I think 401k's are great for the employer match, but they usually don't allow you to select options that will out perform the standard target retirement funds.