Whether retiring or changing jobs, you will want to know your retirement account options.
There are four potential options for your 401(k) when leaving an employer: • Leave it in your former employer’s 401(k) plan, if allowed by the plan. • Move it to your new employer’s 401(k) plan, if you’ve changed employers and your new employer plan allows for it. • Roll the account over to an individual retirement account (IRA). • Cash it out, which is subject to potential tax consequences.
We can talk through your financial goals and find the option that works best for you.