Rollover 401k to savings account

Rolling over a 401(k) directly to a savings account is generally not permitted, as 401(k) funds must be transferred to a qualified retirement account, such as an IRA. If you withdraw your 401(k) funds and deposit them into a savings account, you may incur taxes and penalties. Instead, consider rolling over your 401(k) to an IRA, which can offer similar tax advantages while providing more flexibility. Always consult a financial advisor for personalized advice.