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Author: CentexHorn One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75833  
Subject: Re: Why roll 401K to IRA?? Date: 7/8/2002 1:06 AM
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More than likely, you cannot contribute to the 401(k) at your previous employeer any longer, so it will not grow except by the investments themselves.
Also, many employers eventually force former employees to remove their assets from the plan....mine did, with 60 days notice. They get tired of keeping up with it.
Whatever you do, do not take a direct distribution from the old plan. In other words, don't let them send a check directly to you. There are early withdrawal fees and taxes you don't want to get stuck with.
You can either set up an account at a fund company, like Vanguard or Fidelity, and have it directly rolled over to that account, or you can have it rolled over to your new employer's 401(k) plan.
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