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When I change jobs, should I leave my money in the company retirement plan or roll it over into an IRA?
If you change jobs and have at least $5,000 in the company retirement plan, you can generally either leave your money where it is or roll it over into an IRA. Moving your money into an IRA gives you more control -- and more responsibility. On the other hand, depending on the state you live in, an IRA may not afford the protection from creditors that other retirement plans do. Consult with a financial planner who can help you look at your total financial picture. Return to Questions
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