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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19599  
Subject: Re: What to do with my 401(k)? Date: 1/20/2000 7:44 AM
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Greetings, Jonathan, and welcome. You wrote:

<<I'm changing jobs, and trying to decide what to do.
Do I leave it in place?
Do I roll this over into the new company's plan?
Do I go to a self-directed IRA and invest in (gasp) Mutual Funds?
Or do I do the Foolish thing and go self-directed in stocks?>>

The rock bottom line is you must make the decision with which you are most comfortable. As food for thought, though, consider:

If the amount is less than $5K, you will be forced to move the 401k money.

You may transfer old plan money into a new employer's plan only if the new plan accepts rollover money from a prior plan. The new plan does not have to take it, and not all do.

Most Fools would prefer the transfer to an IRA because of the greater freedom of investment choices as compared with the usually mediocre selection of funds available in a company's plan.

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