I have a 401k from a previous employer and I?ve understood that rolling it over into a IRA is a good idea, but I?m not totally clear why. Is because you face more penalities the longer the account remains open? When I contacted the company managing my account, they said I could leave it open for the life of the account and that rates where competitive, which I?m certain is to their benefit, but I thought it was a question worth asking. Any help would be greatly appreciated.
Source: http://rothira.solve-up.com/roth-ira/what-is-the-benefit-of-rolling-a-401k-into-a-ira/
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