@SLYKTAX wrote:
But my wife retired almost 10 years ago. She still keeps her 401K with the company which is managed by a financial company. I guess 401K can only invest in mutual fund only. Thanks
It's a personal choice. If the employer is willing to allow her to keep her funds in the 401(k) and she is happy with the investment choices and fund performance, there is no reason to switch accounts. On the other hand, since she no longer works for that employer, she has the option of doing a rollover at any time.
