The 3 best steps to take with an old 401(k), according to a money expert: ‘Choose your own adventure'

But that's not always the case. According to your financial situation, it may be wiser to leave your assets in place.

Jason Betz is a certified financial advisor and private wealth adviser at Ameriprise Financial. The adventure aspect is less exciting, but still important. As long as you've invested $5,000 in the plan of your employer, you are usually able to leave it there after you leave. There may be many things to like. You may be able to select mutual funds that you enjoy. He says that consumers should consider the fees they pay in their 401(k). Employers have the ability to negotiate institutional fund rates, which consumers cannot usually get. You can choose from a few. Your old plan might not have the best investment options. Consolidation. Betz says this is a great option for those who prefer simple, passive investment strategies. These are available in almost every 401(k). A 401(k), by definition, will have a limited selection of investment options. This one may be full of mutual funds that charge high fees and perform poorly. It's possible that the website is a mess and you have a hard time managing your investments. This flexibility makes it easy to find low-cost investments. This can be a long and tedious process. In the form of traditional 401(k). Plus, lets's be honest. Zurel says that the selections in a 401(k), have been subjected to due diligence, and will be generally good. In an IRA, you have access to all stocks and options. You can even invest in startup companies. On October 17th at 1 pm ET, you can learn how to improve your interview and negotiating skills, build your ideal career, boost income and grow wealth. Will a shutdown of the government hurt your investments or not? Analyst: 'The answer to the headline question is no'