Retirement & Rollovers

What Should I Do With an Old 401(k)?

When you leave an employer, you may have several options for your 401(k), including leaving the money in the existing plan, moving it to a new employer's plan if permitted, rolling it into an IRA, or taking a distribution. Each option can have different investment choices, fees, services, tax consequences, and features. Understanding the differences can help you determine which option is appropriate for your circumstances.

Can I Roll Over My 401(k) After Leaving My Job?

Generally, leaving an employer may make you eligible to move assets from that employer's retirement plan. Depending on the plan and your circumstances, a rollover may be made to another eligible employer plan or an IRA. Before making a decision, consider taxes, fees, investment choices, services, withdrawal provisions, and other plan features.

What Are My Options When I Retire With a 401(k)?

Retirement doesn't necessarily mean you have to immediately move or withdraw your 401(k). Depending on your plan, you may be able to leave assets where they are, roll them into another eligible retirement account, begin taking distributions, or use a combination of strategies. Your income needs, taxes, investments, expenses, and other retirement resources should all be considered.

IRA vs. 401(k): What Should I Consider?

Both can provide tax-advantaged ways to save for retirement, but they differ in areas such as contribution limits, investment choices, fees, creditor protections, withdrawal provisions, and employer contributions. Rather than asking which one is universally “better,” consider how each fits into your overall retirement strategy.

What Happens to My Retirement Plan When I Change Jobs?

Your retirement savings generally remain yours when you change employers, although employer contributions may be subject to vesting requirements. Depending on your former plan, you may have several options for those assets. Before moving money, understand your existing plan and compare it carefully with the available alternatives.