Have you ever switched jobs?
Research shows the average American employee switches jobs 11 times before retiring.
Job changes means many Americans have old 401(k) plans that may not be allocated properly to help to prepare them for retirement.
Every time you change jobs, you need to make some choices about what to do with your old 401(k) so that it keeps up with your financial needs. Generally, you have four basic options with any 401(k):
- You can leave the assets in the old employer’s plan (if the plan permits it).
- You can roll the assets over into your new employer’s plan (if one is available and the plan permits it).
- You can roll the assets over into an Individual Retirement Account (IRA).
- You can take a cash distribution (and deal with the potential tax consequences).
In this special report, we’ll help you avoid common (and expensive) rollover mistakes and show you how you can use your 401(k) rollover as an opportunity to help your retirement preparations.
