Financial Strategies

When you leave an employer for non-retirement reasons, for a new job or just to be on your own, you have

four options for your 401K Plan.

  • Roll the assets into an individual retirement account (IRA) or convert to a Roth IRA
  • Keep your 401K with your former employer
  • Consolidate your 401K into your new employer's plan
  • Cash out your 401K

Let's review each of these strategies to determine which is the best option for you.

Financial Strategies

When you leave an employer for non-retirement reasons, for a new job or just to be on your own, you have four options for your 401K Plan.

  • Roll the assets into an individual retirement account (IRA) or convert to a Roth IRA
  • Keep your 401K with your former employer
  • Consolidate your 401K into your new employer's plan
  • Cash out your 401K

Let's review each of these strategies to determine which is the best option for you.