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What To Do With Your 401(k) When You Change Jobs
The 401(k) has become one of the most popular investment vehicles for retirement planning, and many Americans take advantage of this type of plan if offered by their employer. But the rules surrounding 401(k) plans are tricky, especially if you change employers. Your age is a factor, and what you choose to do with your 401(k) funds after you leave your current job will greatly influence whether you’ll pay a stiff penalty to the IRS. In this Yahoo! News article by Kerry Hannon, the author explains the complex rules regarding 401(k) withdrawals and how to avoid taking a financial hit, simply because your left your current employment. Click here to read more.