Fidelity Maps How 401(K) Rollovers Go Wrong

Your 401(k) is likely the single largest balance you will ever move in one transaction, yet Fidelity's guide notes that many workers overlook the critical difference between a direct rollover, which moves money straight to a new IRA provider, and an indirect rollover. CFP Board's Guide to Applying the Fiduciary Duty to Rollovers cautions that 401(k)-to-IRA rollover decisions may be irreversible, making it critical to understand the rules before moving retirement savings.

Read More at TheStreet