Leaving a Job? How to Decide If You Should Do a 401(k) Rollover or Not

There are a lot of reasons why rolling a 401(k) over into your own IRA is the best choice for most people, but for some there are a couple of cons that could outweigh the pros.

(Image credit: (C) 2015 A Dogs Life Photography ((C) 2015 A Dogs Life Photography (Photographer) - [None])

Most of us have worked for a company that offered 401(k) plans to their employees. In fact, you and I have likely worked for multiple companies that provide this benefit. And as a result, you might have a number of 401(k) plans to your name if you opened an account with each employer.

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Taylor Schulte, CFP
Founder and CEO, Define Financial

Taylor Schulte, CFP®, is founder and CEO of Define Financial, a fee-only wealth management firm in San Diego. In addition, Schulte hosts The Stay Wealthy Retirement Podcast, teaching people how to reduce taxes, invest smarter, and make work optional. He has been recognized as a top 40 Under 40 adviser by InvestmentNews and one of the top 100 most influential advisers by Investopedia.