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I have a 401k retirement savings account from a previous employer. I am considering transferring it to a rollover IRA, where it seems I would have access to a larger range of investment options. However, I understand doing that would not be reversible, so I want to be 100% sure I am doing the right thing.

Are there any downsides I should be aware of to transferring a 401k from a previous employer to a rollover IRA?

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