Started new job. Rollover previous employer 401k to new 401k, IRA or Roth IRA?
I have a 401(k) account with my last company. I contributed 6% and company matched up to 6%. Now that I have left the company I wanted to know what I can do with this 401(k) account.
- Convert to individual IRA or Roth IRA account
- Continue contributing individually
- Cash Out (NO WAY!!)
I am leaning towards Option 2 since the account has given me good return 18.21% in 3 years.