Truth 35. 401(k) choices when you leave your job
People leave their jobs for any number of reasons, from needing to relocate to finding a higher paying position. But what happens to your 401(k) when you leave your job? As so often is the case, there is more than one option, with some options much better than others when it comes to your financial well-being.
The easiest decision to make is to merely not make a decision, which, by default, becomes your decision. By not making any provisions for your 401(k) when you leave your present employment, you have made the choice to leave your 401(k) account with your now former employer’s plan. This is not necessarily a bad decision, but it does expose you to unnecessary additional management ...
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