401K Options
August 14, 2006
Whether you’re switching jobs or retiring completely, chances are you have a 401K or other company sponsored retirement plan that you’ll need to make a decision about.
There are several options on how to handle your 401(k) money when you leave a job:
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Take the Money and run
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Leave the money in the 401(k) plan
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Transfer the funds directly to your new employer’s retirement plan
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Transfer the funds directly to an IRA account (direct rollover)
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Have the check made out to you, and then deposit the funds into an IRA account (indirect rollover)
To read the full article, click here.