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Thinking of rolling over your old 401(k) into an IRA? Here's how.

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If your balance in your former employer's 401(k) plan is over $ 7,000 , you can leave the money behind in the old plan or roll the assets into an IRA or your new.

Some people value the extra creditor protections that can accompany 401(K ) assets versus IRA assets.

If you decide to roll Roth contributions to an IRA, your new account will be Roth , meaning that you won't owe tax.