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• Starting a 401(k) is a popular option for those beginning to save for retirement.
• Many are uninformed about the steps in transferring old 401(k) plans, which could lead to missed opportunities for generating more savings.
• Leaving your 401(k), cashing it out, rolling your account into a rollover IRA or a new 401(k) are the most popular options; however, some methods are more recommended than others.

Starting a 401(k) plan is the most popular way for many in the workforce to grow their nest egg for retirement.