If you are currently enrolled in a 401(k) plan then that plan provider might allow you to transfer in old 401(k) plans. It generally takes longer to do than a rollover into an IRA and you’ll be subject to the fees and investment choices negotiated by your employer. This is still a good option for consolidating your retirement account, even though most people who roll over choose an IRA.
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Written by Brianna LaCanfora
Updated over 11 months ago