(NEW YORK) -- If you have a 401(k) plan and retire or switch jobs, you can roll over your funds into your own private account.
And those who are eligible for a retirement rollover "may be very heavily marketed to do this," says Karen Blumenthal of the Wall Street Journal.
She says, "The company that has your 401(k) may be calling...you may be getting things in the mail, even if you just turned 59-and-a-half years old, to start taking your money out."
Rolling over your 401(k) account into an IRA can give you a lot more investment choices, but beware: "Like anything else, if you're getting a lot of marketing about a financial thing then you ought to look a little closer," Blumenthal says.
Make sure to check the competition and watch out for fees.
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