Switching Jobs? Here's What to Do With Your 401(k)
Whether you're jumping ship for a higher salary or a better title, it's not unusual to switch jobs at several points throughout your career. But while adjusting to a new job is a process in its own right, one aspect you'll need to address early on is your old 401(k) -- namely, what to do with it once the time comes to move on. Here are a few options to consider.
Contrary to what you may have been led to believe, you don't always have to move your money out of an old 401(k) just because you're no longer employed by the company sponsoring that plan. Though some plans require a minimum balance to keep your funds where they are, if you meet that requirement, and you're happy with your plan and investment mix, it may be beneficial to leave that money untouched.
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Source: Fool.com
