@Nanp6 wrote:
What are the advantages other than convenience?
The main advantage I see in keeping your money in the 401(k)s is that the employer is often able to negotiate lower cost funds. For example, your 401k might be able to buy the "Institutional Class" of ABC fund with an expense ratio of 0.2%, while in your IRA you can only buy the "Investor Class" of ABC fund with a 1% expense ratio. The lower cost fund will give you more net growth in the long run. On the other hand, some 401k plans limit your investment choices—that can be good, because your employer probably won't allow you to invest in shady fly by night schemes, but it can also be bad because you might not be able to invest in something you really want.
Combining (rolling over) all your 401k plans to a single IRA can be convenient and can give you many more investment choices.
There may be one or two other legal wrinkles you want to think about. Because a 401k is treated as a "pension" under some laws, it may have advantages. For example, a 401k is fully protected from bankruptcy proceedings, but IRAs are only protected up to a set value.
You might want to do some reading or check with a financial advisor.
