401(k) Rollover

What Are Your Options for Your Retirement Plan Assets When You Change Jobs?

When changing jobs, you generally have four options for your retirement plan assets: leave the money in your old employer's plan; move it directly into the comparable account in your new employer's plan; roll it directly or indirectly into a comparable IRA; or take a cash, or "lump-sum," distribution. The last of these options may result in a sizable tax bill, while others could limit your investment choice and control.

To see the potential effects of the rollover options on your current and future retirement savings, answer the following questions, and then click Submit. After you review the results, be sure to consult your tax professional about your situation before you act.

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