When you leave your job, do you really want to leave your retirement savings behind? It’s probably not the best idea. So why not bring it with you. There are several 401k rollover options available that allow you to take your retirement savings so you have better control of that money.
The 401k rules give you three options when you leave an employer. You can cash it all out and pay the taxes and penalties – a terrible choice. You can leave it sit and keep track of the plan administrator till you retire. Or you can choose to rollover a 401k into another retirement plan.
Let’s focus on the rollover since it’s the best choice. You have several 401k rollover options to choose from when you leave your old employer. By doing so you keep greater control over your retirement funds. Continue Reading…