When it comes to accessing funds that you saved in your 401(k) there are a couple of options:
- Keep your funds at your current 401(k) recordkeeper and request distributions through their online portal
- This can often be difficult to set up and maintain
- Open an IRA and transfer funds:
- Here you have a wider investment selection
- Setting up distributions is easier and can be done on a reoccurring basis
For more details about the advantages of rolling over your 401(k) into an IRA see the article here:
What are the advantages to rolling over my 401(k) into an IRA vs. keeping it in the plan?