Retirement. Personalized. Blog
What to do with my old 401(k)?
One common question when leaving a job is what to do with your old retirement plan. Whether you leave involuntarily, quit to start a new job, or see yourself switching jobs several times in the next few years, you need a plan for your former 401(k), 403(b), or 457 plan. Mistakes and missteps in handling these plans can be costly and could jeopardize your retirement.
Revive Your Old, Forgotten Zombie 401(k)
Worst of all, leaving behind a string of Zombie 401(k) accounts could cost you almost $700,000 in foregone retirement savings compared to consolidating them into a single low-free optimally allocated retirement account – whether it’s your new employer’s 401(k) plan or a Rollover IRA. Read more.