When you leave a job, you pack up your stuff on your way out, but what about your 401k plan? Many people just leave it where it is and then forget about it. Is this best choice? Here's a good unbiased overview of your options from the National Association of Retirement Plan Participants. Teaser - I generally recommend rolling all former employer's 401k plans into a single IRA. Not only does this keep the number of accounts to a minimum, but it gives you virtually unlimited investment choices without trading restrictions. Importantly, after rolling over your 401k to an IRA, you can consider having your portfolio professionally managed by a privately owned registered Investment Advisory firm (such as The Investment Connection), legally obligated to accept fiduciary duty and place your interests before shareholders or any other party – without conflicts.
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