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3 Reasons Investors Shouldn't Leave the Old 401(k) Behind

johnNjohnN
in The Bullpen
https://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/articles/3-reasons-investors-shouldnt-leave-the-old-401-k-behind



Most investors don't realize the drawbacks of ignoring an old 401(k) or understand their options.
By Kristin McFarland, Contributor Nov. 9, 2018
U.S. News & World Report
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Man Analysis Stock Exchange on Computer

It is harder for an investor to manage several retirement accounts.(Getty Images)

Many workers leave a 401(k) or 403(b) retirement plan behind after switching jobs for one of two reasons: they didn't know what to do with the account or they never got around to calling the plan provider to have the funds rolled over into an individual retirement account. For individuals in industries where turnover is common (such as biotech), leaving behind a string of old retirement investment plans can become a real problem – potentially impacting your retirement goals.
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