What’s Your 401(k) Game Plan?

If you’re nearing retirement, have retired, or recently left your company for any reason, you should create a 401(k) game plan. Know how your investment options can expand, how to avoid tax traps, and what you’ll do with any company stock in your 401(k). There are many options, and the right one depends on your age, retirement goals, and overall financial situation. Here’s what to consider. You Can Roll Over Your 401(k) Into an IRA Although you may have the option to cash out of your old 401(k), you will pay tax on those funds at ordinary income rates. […]