If you’ve switched jobs and have a 401(k) from a previous employer, what are your options with that account? An article from Hartford Funds “Should I Roll Over My Old 401(k)?”, details some helpful options to consider.
Option 1: Do nothing/leave your money in your previous employer’s 401(k)
Option 2: Roll over your old 401(k) to your new employer’s 401(k)
Option 3: Roll over your old 401(k) into an IRA
Option 4: Cash out your old 401(k) and pay the penalties
Check out Hartford Funds article for more information on rollover considerations, or give us a call to set up an appointment! As always, consult a qualified tax or legal professional regarding your specific legal or tax situation.