This is the ‘billion-dollar blind spot’ of 401(k)-to-IRA rollovers, Vanguard finds

Key Points

Moving money from a workplace retirement plan like a 401(k) plan to an individual retirement account is common when switching jobs or retiring.
Savers are often unaware their 401(k)-to-IRA rollovers sit in cash as a default.
Holding excess cash is generally a mistake for long-term investors.

Source

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