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Now my question is, is there any reason I wouldn't want to do this? I would think getting an IRA with Scottrade for instance (where my Roth's are) would be much better than keeping it with my 401k. My 401k has around 10 funds, while obviously Scottrade would have a lot more options.

So, what am I missing?

IIRC, one reason to keep the money in a 401k is that it has more liability protection against creditors if you have a bankruptcy or malpractice.

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