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Laid off from job, what to do with 401K if employer says account can remain open.
Laid off from job, what to do with 401K if employer says account can remain open. I was laid off and do not have a new job yet. My options are to leave the amount in the 401K alone with my old employer or roll over to a traditional IRA. I currently have a Roth IRA with Charles Schwab but have been looking at other companies as well. If I am unemployed at the moment why should I roll over the money to another account if I can...
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