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<<why would you want to roll *your* money into your new employer's 401K in the first place?>>

Chris is certainly correct in pointing out that employer plans often provide an inferior selection of investment choices. But that's not true of all such plans. And there are a couple of advantages you can get in an employer plan but not in an IRA. One is stronger protection from creditors. Protection for IRAs depends on state law and is often relatively weak, whereas employer plans are protected by federal law (ERISA). Another is the ability to borrow from your account (available in many but not all employer plans but never permitted for an IRA). These issues are discussed in:

Roth IRA vs. Employer Plan

Kaye Thomas, author
Tax Guide for Investors
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