Pros and Cons for Moving Money From Workplace Plan to Self Employed Retirement Account

The best place for your old retirement money depends on the flexibility you want. You can avoid wroth income limits, there are no income restrictions for participating in a wroth plan at work. The main pro for moving money into an account for the self employed is that they allow much higher annual contribution limits. Some other considerations include the ity of your old employer's plan, your income and whether you've got a new job with a retirement plan that accepts roll overs.