Has COVID-19 cost you your job? What should you do with your 401(k)?
Job loss can be stressful. We know many people may have questions.
Most times people leaving an employer have four options with their retirement and 401(k) plan. Your decisions should be based on your personal situation. One option does not fit everyone.
If allowed you can leave your account balance at your current employer.
You can move the money to your new employers plan.
Roll over your account balance to an Individual Retirement Account (IRA).
Take the account balance in cash.
As you can see there are multiple options. Please contact us if you have more questions.
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