There were a number of readers who had comments in response to a column I wrote last week about the problems of rolling over a 401(k) into an IRA. Many of the points raised were good ones deserving a response, which I have shared below.
- Average 401(k) balance. My original story was written with the average 401(k) plan participant in mind. That participant, as of the first quarter 2013, had a 401(k) plan balance of around $80,000 (please email us if you would like the link to that source). Also, I should have mentioned that I am an advocate for 401(k) plan participants.
