When You Leave Your Job, Do You Roll Over Your 401(k)?
When you leave a job, you pack up all your personal items, but what do you do with your 401(k) plan? If you are like most people you roll the money over to an IRA to gain access to more investment options, have more control over the account, and won’t lose track of an account that might have been left behind. However, a rollover isn’t always the right move; sometimes it’s best to simply leave the money where it is. Sandra Block, Senior Associate Editor for Kiplinger explores the pros and cons of rolling your 401(k) into an IRA. Read article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.