<prompt> Human: Hey yall. I have approx.2,000 in my companys 401k and I am wondering what the proscons would be to roll over this money into an IRA traditional or Roth. My company has no matching so Im not sure there is really any point in investing my money into their plan when I could be taking advantage of better funds. I am 25 and have a fair amount of student loans all at less than 6.8 rates and am on my way to building an appropriate emergency fund to suit my needs. I ask because I recently received an email from Mint that mentioned that I could deduct up to 5,500 on your taxes with an IRA. Open and add money to your IRA by April 15, 2015 to get your 2014 tax deduction. Is there any reason I shouldnt do this?  <response>: Unfortunately, the money that went into your 401k was already tax-free. So if you roll it over, it wont be additionally deductible.That being said, if your companies funds are crap, from now on you should stop contributing there, and instead contribute to an IRA with better fund options. 