Blog post
"Cash drag" in IRA rollovers

When investors roll over a 401k to an IRA, the investments they had in the 401k are often sold, and the IRA receives cash. Many investors fail to deploy that cash back into stock and bond investments consistent with their asset allocation plan. Over time, this can greatly reduce the size of their retirement accounts. Thanks to Vanguard for their research for IRA rollovers for 2015 through 2022 and this chart.
By Larry Derany