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Once you leave the second job, that 401(k) gets rolled over into its own IRA, and now you have three IRAs.Sometimes multiple IRAs develop based on the various incentives that are offered by individual IRA account managers, similar to the reasons why people often maintain savings and checking accounts with multiple banks.Other times, it can make your life more complicated, and you may want to merge some or all of the accounts into a single large account, where you can better keep track of your retirement investments.Generally speaking, it’s easy to merge retirement plans, and to do so without incurring penalties.
The right choice will depend on your specific financial situation and what you want to do with your money.
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