If You’re Not at Your Old Employer, Why is Your 401k?

Life happens. We change jobs, start a new career, or retire. If you have a 401(k) with your old employer, you will have to decide what do with that 401(k) account or other company retirement plan. There are some considerations that come into play like potential taxes, investment options, fees, and retirement strategy. Here are some options and considerations. You can cash out of your 401(k), in which case the funds would be taxed as ordinary income. However, cashing out of an old 401(k) will cause you to lose the tax-deferred benefits of the account and you could pay […]