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:

  • Take the Money and run
  • Leave the money in the 401(k) plan
  • Transfer the funds directly to your new employer’s retirement plan
  • Transfer the funds directly to an IRA account (direct rollover)
  • Have the check made out to you, and then deposit the funds into an IRA account (indirect rollover)

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