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Don’t Let a Career Change Wreck Your 401(k)

Career change wreck

The 401(k) is one of the most valuable retirement planning vehicles around. As traditional pensions become rarer and rarer, more and more employees are being asked to play an active role in planning for their life after work. One of the most difficult parts of this retirement planning comes when employees change jobs. Changing jobs is always an exciting experience. Whether you have found a job with higher pay, better benefits, more responsibility or just a better location, a new job can be a great thing. What is not a great thing, however, is losing part of the 401(k) you have worked so hard for to taxes and penalties. If you do not handle your 401(k) transfer properly, you could end up ...

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