Navigating Your 401(k) When Switching Jobs: A Comprehensive GuideA Reddit user with nearly $600,000 in a Principal 401(k) is considering their options after clearing a $5,700 loan and anticipating a new job with a 4% employer match. With 20 years until retirement and a salary plus bonus of $130,000, theyre weighing the pros and cons of leaving it in the current plan, rolling it into an IRA, or transferring it to the new plan.Principal allows tax-deferred growth without new contributions, but the user dislikes the current setup. Rolling into an IRA offers more investment options, lower fees, and full control, but it eliminates the ability to borrow against the account.Experts advise checking fees and options first. For those who prefer control and variety, an IRA is the better choice, especially for high earners considering Roth strategies. New 401(k)s are ideal if the employer match is generous and costs are low. Leaving the money in the current plan is the simplest option, but it may limit future growth and options.Ultimately, the best move depends on long-term goals, personal preferences, and tax considerations. Its essential to compare plans soon to ensure the nest egg continues to thrive.

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