No. of Recommendations: 0
I wouldn't recommend you roll 401(k) money into an existing IRA. If you have several 401(k)s, you should think about rolling them into one new IRA. Why? For one, control. With an IRA, you have much more control over your money. You will also be in the position to possibly convert that money to a Roth IRA if you so choose.

The only disadvantage I can see to leaving a 401(k) plan is that you lose the ability to borrow your money. But, I would say that is a minor disadvantage.

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