The Mover’s Dilemma: A Narrative Guide to Mastering Your 401(k) Rollover

Introduction: The Orphaned Account

Three months into a fantastic new job as a marketing director, Alex receives an official-looking envelope.

It’s not from the new employer, but the old one.

Inside is a notice about the 401(k) Alex left behind.

The balance is significant, a testament to a decade of diligent saving and steady market growth.

Suddenly, a pang of anxiety surfaces.

This asset, once on autopilot, is now an “orphaned account,” and Alex is solely responsible for its future.

This feeling of apprehension is far from unique.

In today’s mobile workforce, job changes are common, and retirement accounts are frequently left behind.

As of 2025, an estimated 29 million 401(k) accounts have been forgotten or stranded at previous employers, holding assets totaling around $1.7 trillion.¹

The problem is so widespread that the SECURE 2.0 Act, a major piece of retirement legislation, tasked the Department of Labor with creating a “Retirement Savings Lost and Found Database” to help people track down these orphaned accounts.¹

However, the core issue is not simply forgetfulness.

It is a form of decision paralysis driven by systemic friction.

The 401(k) system is brilliantly optimized for accumulating assets within a single employer’s plan, but it was not designed for the seamless portability required by a modern career path that spans multiple companies.

This inherent friction—the paperwork, the jargon, the fear of making a costly mistake—creates a powerful psychological barrier.

It causes intelligent, capable people like Alex to procrastinate on a critical financial decision, leaving a substantial portion of their life savings in a state of neglect.³

The anxiety Alex feels is a natural symptom of this design flaw.

Understanding this is the first step toward overcoming it and taking control.

Chapter 1: The Four Paths on the Map

Feeling like an explorer facing a fork in the road, Alex begins the initial research.

The options appear not as a dry list, but as four distinct paths on a financial map, each leading to a very different destination.

The choice made here will have consequences that echo for decades.

The financial services industry and plan documents lay out four primary options for an old 401(k) ⁷:

1. The Path of Least Resistance: Leave the money in the former employer’s plan.
2. The Path of Consolidation: Roll over the assets to the new employer’s 401(k).
3. The Path to Freedom: Roll over the assets to an Individual Retirement Account (IRA).
4. The Forbidden Path: Cash out the account value.

One of these paths is immediately flagged with warnings.

The fourth option, cashing out, is a financial precipice that far too many people walk over.

A startling 41.4% of U.S. workers choose to withdraw money from their 401(k) when leaving a job, and an overwhelming 85% of those individuals cash out their entire account balance.⁴

This is not just a suboptimal choice; it is a common and often devastating mistake.

The consequences are severe and multi-layered.

Any withdrawal before age 59 ½ is typically subject to ordinary income tax on the entire amount, plus a 10% early withdrawal penalty from the IRS.⁸

Consider the cautionary tale of Dave, age 42, who decided to cash out his $100,000 401(k) to pay off some bills.

His distribution was immediately hit with a mandatory 20% federal withholding, state income taxes, and the 10% early withdrawal penalty.

In total, Dave instantly lost over 31% of his retirement savings—more than $31,000—to taxes and penalties before he could even use the money.⁴

This “cashing out” option is a behavioral trap disguised as a liquidity solution.

Its prevalence suggests a widespread misunderstanding of the long-term damage it inflicts.

The mandatory 20% withholding is often mistaken for the total tax owed, leading to a painful surprise when filing taxes the following year.⁴

The term “cashing out” sounds simple and clean, but the reality is a brutal financial penalty that not only depletes current savings but also sacrifices all future tax-deferred growth on that money.¹²

For anyone serious about their retirement, this is the one path on the map that must be considered forbidden.

Chapter 2: Charting the Course – A Deep Analysis of Your Options

With the “Forbidden Path” wisely discarded, Alex must now seriously evaluate the three viable options.

This requires a deeper analysis, comparing the paths based on what truly matters for long-term wealth: fees, investments, and the intricate rules that govern access and protection.

The Path of Least Resistance (Leaving It Be)

The easiest option is to do nothing and leave the account with the old employer, provided the plan allows it (most do for balances over $7,000).¹³

• Potential Advantages: The plan offers familiar investment options and may provide access to low-cost institutional-class funds that are cheaper than what an individual can buy in an IRA.⁸ The money also benefits from the strongest possible creditor protection under the federal Employee Retirement Income Security Act (ERISA).¹³ A crucial and often overlooked benefit is the “Rule of 55,” which allows penalty-free withdrawals if one leaves that job in or after the year they turn 55—a privilege lost if the money is rolled into an IRA.⁸
• Potential Disadvantages: This path is not without its risks. No new contributions can be made to the account.¹⁸ The account holder is still subject to the former employer’s plan rules, which can be changed at any time, potentially altering investment options or introducing new fees.¹⁹ While some plans have low fees, others may charge higher administrative fees to former employees.¹⁸ The most significant risk, however, is psychological: “out of sight, out of mind.” An orphaned account is easily neglected, its investments no longer aligned with evolving financial goals, and it can even be forgotten entirely over time.¹

The Path of Consolidation (Rolling to a New 401(k))

If the new employer’s plan accepts rollovers (which not all do), this option offers a way to simplify financial life.⁸

• Potential Advantages: The primary benefit is consolidation, making it easier to manage and track retirement assets in a single account.² This path generally preserves the key benefits of a 401(k): strong ERISA creditor protection and the potential for plan loans.⁸ A key advantage over an IRA is that if the account holder is still working for that company, they can often delay Required Minimum Distributions (RMDs) beyond age 73.⁸
• Potential Disadvantages: The new plan’s investment menu is likely just as limited as the old one’s.²⁰ Furthermore, the new plan could have higher fees or less attractive investment options than the old one, making consolidation a downgrade.²⁰ There may also be a waiting period before the new plan allows a rollover to be completed.⁸

The Path to Freedom (Rolling to an IRA)

This is the most heavily marketed option, promising ultimate control and choice.

• Potential Advantages: The main appeal of an IRA rollover is the vast expansion of investment options. Instead of a curated menu of a dozen or so funds, an IRA opens up a universe of thousands of stocks, bonds, mutual funds, and exchange-traded funds (ETFs).²¹ This allows for true portfolio customization and the consolidation of multiple old 401(k)s into one personally managed account.²
• Potential Disadvantages: The “IRA is always better” mantra is a dangerous oversimplification that masks significant trade-offs. Rolling money into an IRA means irrevocably giving up the unique benefits of a 401(k). The “Rule of 55” for early penalty-free withdrawals is lost.¹⁴ The robust federal ERISA creditor protection is replaced by weaker state-level laws.¹³ Plan loans become impossible.¹⁵ RMDs are mandatory starting at age 73, even if the account holder is still working.¹¹ Furthermore, while IRAs offer more choice, they can come with higher fees. A high-quality 401(k) may offer access to institutional funds with expense ratios far lower than anything available to a retail IRA investor.¹⁶ In fact, one study from the Center for Retirement Research found that over a 12-year period, the average return in an IRA was lower than in a 401(k), largely due to higher fees paid by IRA investors.²⁵ A financial professional who recommends an IRA rollover without first thoroughly analyzing the costs, features, and unique benefits (like stable value funds) of the existing 401(k) may not be acting as a prudent fiduciary.²⁶

The decision is not a simple “good vs. bad” choice but a complex cost-benefit analysis.

Feature	Leave in Old 401(k)	Roll to New 401(k)	Roll to IRA
Fees & Expenses	Potentially very low institutional rates; may be higher for ex-employees 15	Varies by plan; could be higher or lower than old plan 20	Can have higher retail/advisory fees; requires diligence to find low-cost options 25
Investment Choices	Limited, curated menu set by employer 8	Limited, curated menu set by new employer 20	Vast universe of stocks, bonds, ETFs, mutual funds, etc. 21
Creditor Protection	Strongest protection under federal ERISA law 13	Strongest protection under federal ERISA law 20	Weaker; protection varies by state law (bankruptcy protection is federal) 13
Loan Availability	Maybe, if plan allows for ex-employees 12	Yes, if new plan permits loans 8	No, loans are not permitted from IRAs 15
Early Withdrawal Rules	“Rule of 55” may allow penalty-free withdrawals from age 55 8	“Rule of 55” applies if leaving this new job at 55+ 14	Standard 10% penalty for withdrawals before age 59 ½ (with some exceptions) 16
Required Minimum Distributions (RMDs)	Mandatory at age 73+; can be delayed if still working (but not for this employer) 18	Can be delayed past age 73 if still working for this employer 8	Mandatory at age 73+, regardless of employment status 11
Control & Simplicity	Cede control to old employer; may be hard to track 19	Simplifies by consolidating assets in one active account 2	Full personal control and responsibility; consolidates old accounts 2

Chapter 3: The Rollover Journey – Executing the Move

After careful analysis, Alex decides that the expanded investment choice and control offered by an IRA are worth the trade-offs.

The focus now shifts from “what” to “how.” This is the practical, step-by-step guide to the transfer itself, a journey with a critical, potentially treacherous fork in the road: the choice between a direct and an indirect rollover.

The Most Important Decision: Direct vs. Indirect Rollover

This is arguably the single most important tactical decision in the entire process.

One path is safe and simple; the other is fraught with risk.

• The Safe Harbor (Direct Rollover): In a direct rollover, the money moves directly from the old plan administrator to the new IRA custodian. This is also known as a “trustee-to-trustee” transfer.²⁹ Alex never personally receives the funds. Because the money never touches Alex’s hands, there is no mandatory tax withholding, no risk of missing a deadline, and no tax consequences.⁴ This is the overwhelmingly recommended method for its simplicity and safety.
• The Treacherous Path (Indirect Rollover): In an indirect rollover, the old plan administrator cuts a check made payable directly to Alex.²⁹ This single action triggers a cascade of avoidable risks.

• The 20% Withholding Trap: The moment the check is designated for the individual, the plan administrator is legally required by the IRS to withhold 20% of the taxable amount for federal taxes.¹⁰ On a $100,000 account, Alex would only receive a check for $80,000. The other $20,000 is sent to the IRS.
• The 60-Day Scramble: To complete a tax-free rollover, Alex has just 60 calendar days from the date of receiving the distribution to deposit the full, original amount ($100,000) into the new IRA.¹⁰ This means Alex must come up with the “missing” $20,000 from a separate source, like a personal savings account, to complete the deposit.³⁴ The withheld amount can be recouped when filing taxes the next year, but the short-term liquidity crunch is a significant burden.
• The Tax Catastrophe: If Alex only deposits the $80,000 received, the $20,000 shortfall is treated by the IRS as a permanent, taxable distribution. It would be subject to ordinary income tax and, if Alex is under 59 ½, the 10% early withdrawal penalty.¹⁰ This mistake can cost thousands of dollars.
• The Once-a-Year Rule: The IRS permits only one indirect rollover across all of a person’s IRAs within any 12-month period, adding another layer of complexity.²⁹

The existence of the indirect rollover is largely a historical artifact.

The only potential benefit is using the funds as a short-term, 60-day loan, an exceptionally risky strategy for retirement savings.²⁹

Given the high potential for error and severe penalties, it is a structurally flawed process that should be avoided whenever possible.

The Paper Trail: A Step-by-Step Guide

With the decision made to execute a direct rollover, Alex begins the logistical process.

1. Open the Destination Account: Before contacting the old plan, Alex opens a new “Rollover IRA” at the chosen brokerage firm. This ensures there is an account ready to receive the funds.³⁶
2. Initiate the Request: Alex contacts the administrator of the old 401(k) plan via their website or a phone call and explicitly requests a direct rollover to the new IRA.³⁶
3. Navigate the Paperwork: The process is rarely seamless. As one real-world “disaster story” illustrates, logistical nightmares can occur. A freelance writer attempting a rollover found the checks were mailed to the wrong corporate office, which then mailed them to the writer’s home, and the new plan required paperwork with signatures from managers based on another continent.³⁸ Proactive follow-up is key. The old administrator may require its own distribution forms or a “Letter of Acceptance” (LOA) from the new brokerage, which the new firm can provide.³⁶
4. Confirm the Critical Check Details: Alex verifies with the old administrator that the distribution check will be made payable directly to the new custodian—for example, “Fidelity Management Trust Company, FBO [Alex’s Name]”—and that the new IRA account number is clearly noted on the check.³⁰ This small detail is what officially designates the transaction as a direct, non-taxable rollover and prevents the 20% withholding.

Chapter 4: The Destination – You’ve Arrived, But the Journey Isn’t Over

A few weeks later, the full balance appears in Alex’s new IRA.

A wave of relief washes over Alex, who thinks the process is finally complete.

But this is the moment the most insidious and common mistake occurs, a silent killer of retirement returns.

The Silent Killer of Returns: “Cash Drag”

Stunning research from financial services firms like Vanguard reveals a widespread and costly behavioral error.

When 401(k) funds are rolled over, they are almost always liquidated and transferred as cash.

More than one in four investors then leave that money sitting in cash for at least a year.

Nearly a third of rollovers from 2015 were still in cash seven years later.³

This phenomenon, known as “cash drag,” stems from a fundamental misunderstanding.

People are accustomed to 401(k) plans, where contributions are often automatically invested in a default option like a target-date fund.⁴²

They carry this “set it and forget it” mental model over to the IRA world.

But in an IRA, the default is “uninvested”.⁴³

The freedom of choice that makes an IRA attractive becomes a “paradox of choice,” leading to analysis paralysis and inaction.³

The result is catastrophic inaction.

In one survey, an incredible 68% of people whose rollover funds were sitting in cash did not even realize their money was not invested.⁴⁰

The opportunity cost is devastating.

• A hypothetical $100,000 account left in a cash-equivalent earning 1.54% for 30 years would only be worth about $68,000 after accounting for inflation. If invested with an average 7% return, it could be worth over $193,000.⁴³
• Laura Bovard, a 33-year-old nurse, had a small pension automatically rolled into an IRA by a former employer. She was unaware of the account for years. When she discovered it, her $3,200 had been sitting in cash for eight years, earning minimal interest. Her husband, a financial advisor, estimated the balance would have been more than double had it been invested in stocks.⁴⁰
• A financial advisor in Maine reported a couple who rolled over $400,000 and couldn’t understand why their account wasn’t growing during a bull market. They had left it in cash for a year, costing them an estimated $100,000 in potential gains.⁴⁰

Putting Your Money to Work

Alerted to this danger, Alex logs into the new IRA account.

The journey is not complete when the funds arrive; it is complete only when those funds are invested.

This is the final, crucial step: selecting an appropriate mix of investments—stocks, bonds, funds—that aligns with personal goals, time horizon, and tolerance for risk.³

Conclusion: Lessons from the Road

Reflecting on the journey, Alex’s initial anxiety has been replaced by a sense of empowerment.

The process was complex, but manageable.

The orphaned account now has a proper home, is invested for the future, and is under Alex’s direct control.

The key lessons learned on the road are a vital guide for anyone facing this dilemma.

• The Decision is a Trade-Off, Not a Foregone Conclusion. There is no single “best” option for every person. The conventional wisdom that an IRA is always superior is flawed. A careful analysis of the fees, investment options, creditor protections, and unique rules (like the Rule of 55) of all available plans is essential before making a move.
• Always Choose the Direct Rollover. The risks associated with an indirect rollover—the 20% withholding, the 60-day scramble, and the severe tax penalties for error—are too great. The direct, trustee-to-trustee transfer is the safest and simplest method.
• Mind the 60-Day Clock (If You Must). If an indirect rollover is absolutely unavoidable, the 60-day deadline to deposit the full, original amount is sacrosanct. Missing it results in a tax disaster.
• Beware the Silent Killer of Cash Drag. The single most common mistake is failing to invest the money after the rollover is complete. The journey isn’t over when the money arrives; it’s over when the money is invested.
• Take Ownership. Moving a 401(k) is often one of the first major acts of self-directed retirement planning. It marks a transition from a passive saver to an active investor. Navigating it successfully is a powerful step toward building the knowledge, confidence, and control needed to secure one’s financial future.

Works cited

1. Eight 401(k) Mistakes That Could Tank Your Retirement – Kiplinger, accessed on August 7, 2025, https://www.kiplinger.com/retirement/retirement-planning/seven-401-k-mistakes-that-could-tank-your-retirement
2. How to find an old 401(k) and reclaim lost retirement funds – Thrivent Financial, accessed on August 7, 2025, https://www.thrivent.com/insights/living-in-retirement/how-to-find-an-old-401k-and-reclaim-lost-retirement-funds
3. 4 Common 401(k) Rollover Mistakes – Premier Investments & Wealth Management, accessed on August 7, 2025, https://premieriwm.com/2024/09/4-common-401k-rollover-mistakes/
4. 401(k) Rollover | How it Works | Guide for Employers – ADP, accessed on August 7, 2025, https://www.adp.com/resources/articles-and-insights/articles/4/401k-rollover.aspx
5. The 5 psychological biases that will ruin your retirement – InsuranceNewsNet, accessed on August 7, 2025, https://insurancenewsnet.com/innarticle/the-5-psychological-biases-that-will-ruin-your-retirement
6. Financial Planning for Retirement: A Psychosocial Perspective – PMC, accessed on August 7, 2025, https://pmc.ncbi.nlm.nih.gov/articles/PMC5787562/
7. www.fidelity.com, accessed on August 7, 2025, https://www.fidelity.com/viewpoints/retirement/what-to-do-with-an-old-401k#:~:text=401(k)%20is%20used%20for,businesses)%2C%20or%20cash%20out.
8. Advantages and considerations of the four options for your old …, accessed on August 7, 2025, https://www.troweprice.com/personal-investing/resources/insights/four-options-for-your-old-401k.html
9. 401(k) Rollovers Can Make or Break Retirement – Popular Blog, accessed on August 7, 2025, https://blog.popular.com/en/401(k)-rollovers-can-make-or-break-retirement/
10. 5 Retirement Rollover Mistakes to Avoid – SmartAsset.com, accessed on August 7, 2025, https://smartasset.com/retirement/5-retirement-rollover-mistakes-to-avoid
11. 401(k) Rollover Mistakes to Avoid – Your AAA Network, accessed on August 7, 2025, https://magazine.northeast.aaa.com/daily/money/retirement/401k-rollover-mistakes/
12. Choices for Your 401(k) at a Former Employer | Baird North Texas, accessed on August 7, 2025, https://fortworth.bairdwealth.com/resource-center/retirement/401k-choices-at-a-former-employer
13. Six Potential 401(k) Rollover Pitfalls – First National Bank, accessed on August 7, 2025, https://www.fnb-online.com/personal/knowledge-center/plan-for-the-future/six-potential-401k-rollover-pitfalls
14. How to roll over a 401(k): What to do with an old 401(k) | Fidelity, accessed on August 7, 2025, https://www.fidelity.com/viewpoints/retirement/what-to-do-with-an-old-401k
15. Should You Roll Over Your 401(k) When Changing Jobs? – Merrill Edge, accessed on August 7, 2025, https://www.merrilledge.com/retirement/should-i-roll-over-my-401k
16. Top Reasons Why You Should Not Roll Over a 401(k) to an IRA, accessed on August 7, 2025, https://www.investopedia.com/articles/personal-finance/080315/top-reasons-not-roll-over-your-401k-ira.asp
17. What to do with a former employer’s retirement plan – Victory Capital, accessed on August 7, 2025, https://investor.vcm.com/blog-and-resources/retirement-resources/what-to-do-with-a-former-employer-s-retirement-plan
18. Changing Jobs: Should You Roll Over Your 401(k)? – Charles Schwab, accessed on August 7, 2025, https://www.schwab.com/learn/story/changing-jobs-should-you-roll-over-your-401k
19. 4 Risks of Leaving Money in an Old 401(k) Plan – American Century Investments, accessed on August 7, 2025, https://www.americancentury.com/insights/4-risks-of-leaving-money-in-an-old-401k/
20. Rollover IRAs: A way to combine old 401(k)s and other retirement accounts, accessed on August 7, 2025, https://www.schwab.com/ira/rollover-ira/rollover-options
21. 401k rollover to an IRA | Vanguard, accessed on August 7, 2025, https://investor.vanguard.com/401k-rollover
22. IRA vs. 401(k): What’s the difference and how to choose one – Citizens Bank, accessed on August 7, 2025, https://www.citizensbank.com/learning/ira-vs-401k.aspx
23. Rollover IRA: What It Is and How It Works – NerdWallet, accessed on August 7, 2025, https://www.nerdwallet.com/article/investing/how-to-rollover-401k-roth-traditional-ira
24. Should I rollover my 401(k) when I retire? – Financial Planning Solutions, accessed on August 7, 2025, https://planwithfps.com/blog/should-i-rollover-my-401k-when-i-retire
25. IRA Rollover: A Bad Idea? – 401k Specialist, accessed on August 7, 2025, https://401kspecialistmag.com/12-reasons-not-to-roll-over-a-401k-to-an-ira/
26. 1: THE FIDUCIARY DUTY APPLIES TO A ROLLOVER RECOMMENDATION, accessed on August 7, 2025, https://www.cfp.net/-/media/Files/CFP-Board/Standards-and-Ethics/Compliance-Resources/Case-Studies/Case-Study-1–The-Fiduciary-Duty-Applies-to-a-Rollover-Recommendation.pdf
27. Four Things You Should Consider Before Rolling Over Your 401(k) – Morgan Stanley, accessed on August 7, 2025, https://www.morganstanley.com/atwork/employees/learning-center/articles/rollover-options
28. Should I Roll Over My 401k? – Certified Financial Planner in Los Angeles – Retire Confidently and Invest Smarter, accessed on August 7, 2025, https://www.thepeakfp.com/blog/should-i-rollover-my-401k
29. Key Differences Between Direct And Indirect Rollovers – Carry, accessed on August 7, 2025, https://carry.com/learn/direct-vs-indirect-rollover
30. Indirect vs. direct rollovers: What’s the difference? – Thrivent Financial, accessed on August 7, 2025, https://www.thrivent.com/insights/retirement-planning/indirect-vs-direct-rollovers-whats-the-difference
31. What is a Rollover IRA? – Charles Schwab, accessed on August 7, 2025, https://www.schwab.com/ira/rollover-ira
32. carry.com, accessed on August 7, 2025, https://carry.com/learn/direct-vs-indirect-rollover#:~:text=A%20direct%20rollover%20can%20be,the%20money%20for%20an%20IRA.
33. Retirement plans FAQs relating to waivers of the 60-day rollover requirement – IRS, accessed on August 7, 2025, https://www.irs.gov/retirement-plans/retirement-plans-faqs-relating-to-waivers-of-the-60-day-rollover-requirement
34. How to Avoid the Most Common 401(k) Rollover Mistakes? | Shortlister, accessed on August 7, 2025, https://www.myshortlister.com/insights/401k-rollover-mistakes
35. How to Roll Over and Report Your 401(k) to IRA | H&R Block®, accessed on August 7, 2025, https://www.hrblock.com/tax-center/income/retirement-income/reporting-401k-rollover-into-ira/
36. Rollover IRA How to roll over an old 401(k) to an IRA – Fidelity Investments, accessed on August 7, 2025, https://www.fidelity.com/retirement-ira/401k-rollover-ira-steps
37. www.bankrate.com, accessed on August 7, 2025, https://www.bankrate.com/retirement/401k-rollover-guide/
38. A Real-World 401k Rollover Disaster Story – Make It Easy – 401kTV, accessed on August 7, 2025, https://401ktv.com/real-world-401k-rollover-disaster-story/
39. Don’t Make These 401k Rollover Mistakes – Suze Orman, accessed on August 7, 2025, http://www.suzeorman.com/blog/Dont-Make-These-401k-Rollover-Mistakes
40. The 401(k) Rollover Mistake That Costs Retirement Savers Billions – Rebalance, accessed on August 7, 2025, https://www.rebalance360.com/the-401k-rollover-mistake-that-costs-retirement-savers-billions/
41. Avoiding Costly IRA Mistakes: What You Need to Know Before Rolling Over Your 401(k), accessed on August 7, 2025, https://carlsonfinancial.com/avoiding-costly-ira-mistakes-what-you-need-to-know-before-rolling-over-your-401k/
42. Avoiding the 401(k) Rollover “Mistake” – PenChecks Trust, accessed on August 7, 2025, https://penchecks.com/avoiding-the-401k-rollover-mistake/
43. How to Tell if You Are Doing Your 401(k) Rollover Wrong – AARP, accessed on August 7, 2025, https://www.aarp.org/money/retirement/401k-ira-rollover-mistakes/
44. The 401(k) Rollover Mistake That Costs Retirement Savers Billions – CNB-Bank, accessed on August 7, 2025, https://www.cnbil.com/Blog/Posts/91/Blog//The-401k-Rollover-Mistake-That-Costs-Retirement-Savers-Billions/blog-post/
45. Are You Doing Your 401(k) Rollover Wrong? | Johnson Financial Group, accessed on August 7, 2025, https://www.johnsonfinancialgroup.com/about-us/newsroom/are-you-doing-your-401k-rollover-wrong/