Nate Baim, MBA, CFP®
Changing Jobs – What Happens to Your 401(k)?
So, you landed the new job, you're excited, going through all the job-related changes, getting up to speed, and more – but what happens to your old 401(k)? It's probably the last thing on your list.
For most people, it stays where it is. Which, in a lot of instances, may be fine – but you'll end up with multiple 401(k) accounts, and managing it all can be taxing. There's another approach that can help you make the best decision based on your tax status, employer situation, and the rest of your financial plan.