The best move for those changing jobs or retiring may be not moving your money out of your 401K and rolling it over into an IRA.
As an example, a 35 year old with $50k in their 401K could incur an additional $58k in fees by age 70 in doing this.
Obviously, a much bigger bite if you started with say $200k in your account!
So... ask the right questions of multiple people.
Keeping your money in your old 401K could be best.
Harvey Dorland
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