When changing jobs, hit the brakes before you take this step with your 401(k) plan

Here's a question for anyone who's about to leave an employer: Are you keeping your money in the retirement plan, or are you taking your savings with you? For companies that provide workplace retirement plans, that's a $9.2 trillion question – that's the number of assets held in individual retirement plans as of the end of 2017, according to the Investment Company Institute. These 401 record-keepers have a bird's eye view of employees' savings and they are in a prime position to contact plan participants about rolling over their balance into an IRA with them – which may not always work out in favor of departing workers.

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