If you’ve switched jobs and have a 401(k) from a previous employer, what are your options with that account? An article from Hartford Funds “Should I Roll Over My Old 401(k)?”, details some helpful options to consider.
Option 1: Do nothing/leave your money in your previous employer’s 401(k)
Option 2: Roll over your old 401(k) to your new employer’s 401(k)
Option 3: Roll over your old 401(k) into an IRA
Option 4: Cash out your old 401(k) and pay the penalties
Check out Hartford Funds article for more information on rollover considerations, stop by or call for an appointment with John to help you with any questions! As always, consult a qualified tax or legal professional regarding your specific legal or tax situation.