When rolling over your 401(k) is the wrong move

9 situations when you should do nothing

The average U.S. worker switches jobs 11 times before retiring, according to the Financial Industry Regulatory Authority.

So chances are good you'll be confronted with this question more than once: What should I do with my 401(k) when I leave my job?

In most cases, it's a good idea to roll the funds over into an IRA or move them to your new employer’s 401(k) when allowed, particularly if you'll have access to a broader selection of investments by moving your money.  (Whatever you do, don't cash out your retirement savings when you switch jobs.)

And as you hop from job to job, keeping all or most of your retirement savings in one account makes it easier to allocate assets correctly to attain the right risk-return profile.

But this argument doesn’t always apply.

Here are 9 situations when it makes more sense to leave your old 401(k) alone.

By Amy Fontinelle
Interest.Com Contributing Editor