I was laid off and my potential new employer (if hired) has a 401k but they do not contribute , it would only be me contributing.
My existing 401k is going to just sit where it is now. I do not plan on rolling over to the new 401k.
my question is whether it makes sense to rollover all of the existing 401k to a ROTH IRA (assuming my plan allows this). I have been told the benefits are far greater than a 401k and that the initial amount is guaranteed unlike a 401k which can fluctuate.
someone suggested i invest in an IUL permanent life insurabce policy.
I plan to speak to a financial planner next week but curious if anyone has any insight.
i am about 10 years away from early retirement age of 62… if that matters
thanks
