The 401K 59½ to IRA option

Now investing gets scary! In my 401K I have 16 different investing options. I even find that complex! Now that I am past 59½ I can move funds from my 401K to an IRA and have thousands of investing options. I'm not sure how accurate this is but Googling this - there are:

• 2773 stocks that trade on the NYSE
• 2788 stocks listed on the Nasdaq
• 7691 mutual funds
• 700 ETFs available on the market
• Plus untold # of bonds, options, etc

This month we are moving a portion of our 401Ks to IRAs with Wells Trade (100 free trades per year. We hope to beat the returns on the 401K. Target return would be 5%.