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I don't know about 403b's but a major drawback of 401k's is that you might be happy with your choices within the new plan now but they can change to a new provider or change the available options at any time.

I have had this happen with a 401k where they went from a good selection of Fidelity mutual funds to overpriced "separate accounts" with an insurance company. Since it is a "separate account" you cannot get a prospectus and there is very little information available about how they operate. Fortunately there are a few low cost index funds (really "separate accounts") that seem to track their indexes OK so I am able to mostly able to work around the rest of the poor selections.


You also probably would not be able to roll the money into a Roth account from the 403b if you ever wanted to.

Greg
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