If you recently retired or changed jobs and own a 401k or 403b plan, you might want to consider an IRA rollover.
Advantages of an IRA rollover include more investment choices and the availability of professional help. Instead of a very limited list of choices, you can invest in thousands of mutual funds, common stocks, bonds, ETFs, CDs, Real Estate and commodities. There are regulated professionals who will charge you commissions or fees for their help or you can do it yourself.
Unfortunately, U.S. Department of Labor is considering changes in this process that could reduce your choices, reduce how much help you get and/or increase the cost of having an IRA rollover. Congress should make sure that this doesn’t happen.
Russ Stabley, Pompano Beach
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