Individuals have three basic choices with the 401(k) account they accrued at a previous employer.Read More
Changing jobs can be a tumultuous experience. Even under the best of circumstances, making a career move requires a series of tough decisions, not the least of which is what to do with the funds in your old employer-sponsored retirement plan.
Some people choose to roll over these funds into an Individual Retirement Account, and for good reason. Just over 28% of all retirement assets in the U.S. are held in IRAs, and just under 50% of traditional IRA owners funded all or part of their IRAs with a rollover.
Generally, you have three choices when it comes to handling the money in a former employer’s retirement account.Read More