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My company is being split off their parent company. Along the way, they had been saying that our 401k's would just be transferred to new accounts staying with Putnam. However, when we received the official paperwork today, when it listed our options, it said we could roll over our 401k's to an IRA.

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?
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