A good article from the Wall Street Journal, “Time to Quit Your 401(k)s?” with many points to consider when rolling over your 401(k) accounts from previous employers. Another great resource on IRAs can be found at Ed Slott’s website, www.irahelp.com .
These old 401(k) accounts can be minor annoyances, increasing a person’s financial paperwork and making it tougher to view one’s portfolio as a whole. Others are downright dangerous, taking a big bite out of overall investment returns with their high costs.
~WSJ-Carolyn T. Geer