With the lure of tax-free distributions, Roth IRAs have become increasingly popular retirement savings vehicles. According to the 2015 Investment Company Fact Book 19.2 million U.S. households (about 15.6%) owned Roth IRAs in 2014.
Do you have an old 401(k) at a former employer? Lots of people do and they invariably are faced with not knowing what to do. If you are wondering if you should leave it there or transfer it to a self directed IRA our answer is generally to always convert a 401(k) to an IRA. The benefits to convert a 401(k) to an IRA far outweigh the reasons you should not.