When changing jobs or retiring, individuals may have the opportunity to roll over their retirement savings from their employer-sponsored 401(k) plan into an Individual Retirement Account (IRA). This can be a wise decision for a number of reasons. Firstly, rolling over a 401(k) into an IRA can provide greater investment flexibility. With a 401(k), individuals are typically limited to a selection of funds chosen by their employer. In contrast, with an IRA, individuals have a much wider range of investment options available to them, including stocks, bonds, mutual funds, and exchange-traded funds (ETFs). Secondly, an IRA rollover can simplify retirement planning by consolidating multiple retirement accounts into a single IRA. This can make it easier to keep track of investments and to manage retirement income withdrawals. Thirdly, a rollover can provide greater control over retirement savings. With a 401(k), individuals may be limited in their ability to make changes to their investment options or to access their funds. In contrast, with an IRA, individuals have more control over their investments and may be able to withdraw funds penalty-free in certain circumstances, such as to pay