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Avoid these costly mistakes when rolling over a 401(k) to an IRA



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Drazen Zigic | iStock | Getty ImagesSo you’ve left your job and want to move assets from your workplace savings plan to an individual retirement account.You may want to pause before doing the rollover. If you’re not careful, you could make costly errors or lock yourself into a move that can’t be easily undone.Both 401(k) plans and IRAs have the common purpose of letting you put away tax-advantaged savings for retirement. However, there are some rules that differ between the two. Even the rollover process itself can come with snags if you’re not careful.More from Smart Tax Planning:Some …

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