Breaking Up With Your Employer Is Easy. Deciding What to Do With Your 401(k) Isn't.
You turned in the badge. You updated LinkedIn. You survived the goodbye-cake speech. But you may have left something behind at your old job — and it might be one of the most valuable things you own: your 401(k). If you’re not sure what to do with it, you’re in good company — and that company is making some questionable choices. When researchers tracked 162,360 employees leaving 28 U.S. companies, they found that 41.4% cashed out at least part of their 401(k) on the way out the door — and most...
