If so… you have four options when leaving an employer where you have contributed to their 401k plan.
Keep it in your current plan
Transfer current 401k plan to new 401k plan with new employer
Cash out your 401k
Rollover – Move it to another qualified retirement account.
You may be wondering what options are available for your retirement plan… Whether you are changing employers or retiring. North Coast Life offers you choices in moving your retirement plan to a Traditional or Roth Individual Retirement Account (IRA). Lets go over what other options you have when you are in this situation.
First – Review your Needs:
Before making a decision on what to do with your retirement money, it is important to answer (more…)