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Contents

  • Introduction to 401(k) Transfers
    • Benefits of Transferring Your 401(k)
      • Consolidation and Simplified Management
        • Potential Cost Savings
          • Additional Plan Features
          • Drawbacks to Consider
            • Limited Investment Options
              • Loss of Benefits and Waiting Periods
                • Administrative Challenges
                • Alternative Options
                  • Leaving Your 401(k) with Your Former Employer
                    • Rolling Over to an IRA
                    • Making Your Decision
                      • Steps for a Successful Transfer
                        • Professional Guidance

                          Pros and Cons of Transferring Your 401(k) to a New Employer

                          contributorcontributorcontributor
                          2.6 minute read
                          FinanceAging and RetirementCareer AdviceInvestment
                          A balanced scale with a 401(k) document on one side and a briefcase on the other, symbolizing the decision to transfer retirement funds to a new employer.
                          Published January 25, 2025
                          Last Updated May 29, 2025
                          contributorcontributorcontributor
                          2.6 minute read

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