After losing his job, a Reddit user is contemplating what to do with his $600,000 in 401(k) funds. He has several options: leave the funds with his current employer, roll them over into a new IRA, or transfer them to a new 401(k) plan. Although he can keep his funds where they are, the user is dissatisfied with the current plan administrator. It's crucial for him to weigh the advantages and disadvantages of each option carefully to ensure he secures a comfortable retirement.
It's essential for the OP to carefully consider the pros and cons of keeping his 401(k) with his current employer versus moving it to an IRA or his new job's 401(k).
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