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Reply to "retirement plans from past employers - what to do?"
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[quote=Anonymous][quote=Anonymous]Roll them to an Ira at vanguard or fidelity.[/quote] Do this. Two reasons. First, the fees likely will be lower. A few tens of basis points difference in fees really adds up when compounded. Companies effectively fund the administrative costs of 401k programs through the investment management company that runs the program,which recoups their costs through excessive fees. Second, you have a small enough amount of money that at some point your old plans will get sick of you as a client and inform you that they will be sending you a distribution unless you roll it within some short amount of time. If this happens when you can't deal (happened to us with an infant in the house) you will get hit with an early withdrawal penalty.[/quote]
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