There are a lot of benefits for rolling over old 401(k)s to an IRA.
First, there are a lot more fund selections available in an IRA. 401(k)s are notorious for having a limited amount of funds available to choose from. With an IRA, you open up more investment opportunities.
Next is lower fees. Many investment options in 401(k)s have higher fees associated with them than an IRA. By rolling over your 401(k) into an IRA, you can save on fees for the fund selection and also administrative fees.
Lastly, more flexible withdrawal options. 401(k)s typically limit the amount of money you can withdraw and how often you can withdraw. With an IRA, you’re free to withdraw as much money as you need, as often as you want – as often as you’re over age 59-1/2.