When you leave an employer, rolling your 401(k) into an IRA might seem like the obvious next step for many retirees. But a recent CFP Board guide on fiduciary duty in rollovers warns that rollovers might not be required and could be irreversible.
Cerulli **** ociates estimates about $941 billion will move from 401(k) plans into IRAs this year, with annual rollover flows projected to reach $1.3 trillion by 2031.
More than 11,000 Americans are turning 65 each day in 2026, according to the Alliance for Lifetime Income, and IRAs already hold approximately $18.2 trillion as of the first quarter of 2026, the Investment Company Institute reports.
The money is moving, and for retirees who don't fully understand the trade-offs, it may be moving in a direction they can't predict.
In most cases, "you can't go back to whence you came," Brenton Harrison, a certified financial planner based in Nashville, told CNBC. Once funds land in an IRA, the original employer plan will typically refuse to accept them.
#retirees #trillion #can 't
Cerulli **** ociates estimates about $941 billion will move from 401(k) plans into IRAs this year, with annual rollover flows projected to reach $1.3 trillion by 2031.
More than 11,000 Americans are turning 65 each day in 2026, according to the Alliance for Lifetime Income, and IRAs already hold approximately $18.2 trillion as of the first quarter of 2026, the Investment Company Institute reports.
The money is moving, and for retirees who don't fully understand the trade-offs, it may be moving in a direction they can't predict.
In most cases, "you can't go back to whence you came," Brenton Harrison, a certified financial planner based in Nashville, told CNBC. Once funds land in an IRA, the original employer plan will typically refuse to accept them.
#retirees #trillion #can 't
13 days ago
