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Clients changing jobs? Don't let them forget 401(k) accounts Workers who change jobs should keep track of their 401(k) assets with their previous employer, according to this article on personal finance website Motley Fool. It's easy for employees to lose track of 401(k) accounts if they don't take the accounts with them. As years go by, companies get sold, restructured or go out of business. Consequently, old 401(k) plans also may close or merge with other plans. Employers may also lose contact with their former employees as workers change addresses. Clients who opt to leave their 401(k) assets with their former employer are advised to monitor their investments and adjust their goals and risk tolerance over time. They should also make sure the plan has their current contact information and they should stay on top of the past employer's status and stay up on mergers or any financial difficulties of the company.
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