Lost Your Job? Here's the One Thing You Don't Want to Do With Your 401(k).
Losing a job can constitute a big blow. Not only do you lose a part of your identity, but you also lose your steady paycheck.
Now upon getting terminated from a job, you'll generally clear out your desk and take your personal belongings with you. But what about your 401(k) plan?
You may be tempted to cash out your retirement plan once you're no longer employed by the company sponsoring it. But that could be a huge mistake.
Source Fool.com
