At some point, many people with retirement or employer-sponsored investment accounts will be faced with the decision of what to do with rollover funds. This can happen when you change jobs and cash out a 401(k), or when you retire. In either case, it’s important to think through your options. Ideally, it’s best to choose a strategy that meets your retirement needs, minimizes the impact of taxes, and avoids penalties.
Please note this is a general overview, and tax laws can be tricky, so be sure to talk to an accountant and/or tax attorney before making any financial decision.