The article has nothing to do with 401(k) plans other than the headline trying to scare people.
It talks about the risks of investing in public companies. What do roll your investments into that avoids these risks?
I didn’t roll it over at all. I cashed it out and took the hit. I had personal reasons for this that I’ll not get into, but just say that “Family court” had something to do with it.
Also, because most of my career I’ve been a contractor, rather than an employee, I didn’t really have all that much in my 401k. It was only five figures. And here’s the fun part: I cashed it out just before the massive stock crash. The timing was perfect. I came out ahead, even with the penalty and taxes.
I have no “retirement investments” as far as the government is concerned. I’m almost living in the 19th century in that way at least. I love it.