Will I lose value if I rollover a 401k to a new employer?

If so, is there any way I can minimize the loss?

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Not really. You sell the funds in the old one and buy in the new one. You'll be out of the market for a few days or so which isn't a big deal.

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You take the equity/loss with you! You would be out of the market for as long as it takes for the old firm to cut you a check, mail it, and then deposit into new plan (7-10 days?).

One way to reduce the amount of time is to rollover to an IRA, but I don’t know enough about situation to say that dogmatically.

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You would lose any unvested employer contributions. The way to minimize that is to stay long enough to vest.

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