Realizing one needs to move their 401k plans when you leave a job or incur highe... | Hacker News

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		jkmcf on Jan 31, 2023 \| parent \| context \| favorite \| on: Ask HN: Something you’ve done your whole life that... Realizing one needs to move their 401k plans when you leave a job or incur higher fees and potentially stagnant growth. Also, it appears Roth IRAs need you to pick an investment option, but when I created one I don't recall there being an option. Invested ~3k and many moons later it was still ~3k.

Jeremy1026 on Jan 31, 2023 [–]

> and potentially stagnant growth

Shouldn't growth not matter where the money is.

$100,000 gaining 6% is $106,000, gaining 6% is $112,360.

$25,000 in 4 different accounts gaining 6% is $26,500 in 4 different accounts, gaining 6% is $28,090 in 4 different accounts, or $112,360.

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