Navigating Job Changes
People change jobs for a variety of reasons, and navigating this transition can be difficult. The fact is, when you leave work–for whatever reason–you have a decision to make about your retirement savings.
You generally have four main options to choose from:
- Roll your assets to an Individual Retirement Account (IRA).
- Leave your assets in your former employer's plan.
- Roll your assets to your new employer's plan.
- Cash out your retirement savings plan.
The decision you make now can have an impact on your long-term savings goals, so take some time to carefully review each of your options.