Why are so many retirees and pre-retirees choosing to roll over their plans to IRAs? 

According to LIMRA study, the total amount of IRA rollover activity is projected to be $855 Billion 2026 and could reach $1.15 Trillion by 2030.

This growth is driven by factors like increased job turnover, greater participation in employer sponsored plans, the boomer generation retiring…

Here are 10 of the top reasons – 

1. Account Consolidation and Simplicity 
2. Wider Range of Investment Options
3. Converting Assets into Guaranteed Income 
4. Eliminating or Lowering Fees
5. Reducing or Eliminating Risk
6. Too many Restrictions in 401(k), TSP, and other plans
7. Roth IRA Conversions Opportunities are Exploding due to lower Tax Rates 
8. Boomers Retiring 
9. Layoffs
10. Greater control of Retirement Accounts