In addition to tax deferral and continued growth, this option allows you the benefit of increased flexibility and control. While most company retirement plans offer only a limited number of investment options, an IRA provides you with a wide array of choices.
Assets grow income tax deferred.
Current federal income taxes and tax penalties are avoided. Greater choice of investment options. May be eligible to roll over assets to new employer's plan. Certain investment options in new employer's plan may not be available in IRA rollover. You must receive a full distribution from the plan within one calendar year.