re: 401K fees & taxes

quote:

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I think there is some sort of penalty of a 401k is rolled over after a 60 day period. Not sure tho.

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Doing some research now and I believe you’re correct, although I can’t find anything clear cut.

I’ve got two 401ks from past employers (one with Merrill and one with John Hancock) and would like to consolidate them for ease, but knowing there may be a penalty, I’m inclined to just let them sit.