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How to Roll Over Your 401(k) to an IRA

When leaving your job, you can typically cash out your 401(k) or roll it over into a different retirement account.

By Robin Hartill, CFP – Updated May 29, 2025 at 9:38PM | Fact-checked by Frank Bass

Key Points

  • Rolling over a 401(k) into an IRA provides more investment choices.
  • If you don't opt for a direct rollover, you must deposit 401(k) funds to another retirement account within 60 days to avoid penalties.
  • Choose a brokerage for an IRA that offers low fees and good service.
Key findings are powered by ChatGPT and based solely off the content from this article. Findings are reviewed by our editorial team. The author and editors take ultimate responsibility for the content.

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