When you leave an employer (whether you’re changing jobs or retiring), your retirement plan doesn’t automatically move for you. You have to make a critical decision or risk having that decision made for you.
This guide will help you decide which strategy makes the most sense for your old retirement plan.
Handle it the right way, and you’ve protected your money’s tax-deferred growth. Handle it the wrong way, and you may give yourself a surprise tax bill, expose yourself to potential IRS penalties, or rob yourself of potential future wealth.