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No. of Recommendations: 3
In your case, rolling over to an IRA sounds like a good deal.

In some cases the costs of the 401K are subsidized by your employer. So 401K can be cheaper. But we know that Putnam is one of the Marsh & McClannahan funds, which Eliot Spitzer has gone after several times. Frankly he makes them look like crooks. You would expect their expenses to be high. The sooner you can get your money out of their hands, the better.

Some IRA custodians charge maintenance fees; Scottrade does not.

I would suggest that you investigate their fee structure carefully to be sure you know what you are getting into. But not to worry, the nice thing about IRAs is it is easy to move your funds somewhere else if you are dissatisfied with the service. That in itself is a good reason to move from a 401K to an IRA when you get a chance.

Good luck.
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