|
|
401(k) Tip |
|
When you move to a new job, consider the following...
- Should you keep your assets in the old 401(k) plan?
- Should you roll the assets into a new employer's plan if you have that option?
- Should you put the 401(k) assets in a rollover IRA?
|
|
When you leave a job, you may decide to leave your 401(k) plan behind. You also have the right to roll your money into an IRA or withdraw the money from your account. And you may be able to move it into a new employer's plan. Just make sure you know the benefits and penalties involved with each choice.
Whether you're starting a new job or getting ready to retire, you'll have to make a decision about your 401(k). You might want to consider moving your money to your new employer's plan if the plan accepts transfers. You always have the right to move your assets to an individual retirement account (IRA). Or you may be able to leave the account where it is.
|
