16 Feb
Jobless? What to do with your 401(k)
If you find yourself out of work or in a new position, you have decisions to make about the money left in your old retirement plan. Here are 5 options to consider.
Remember the good old days when the big R-word was “rebate” rather than “recession”?
That was before your 401(k) retirement plan melted down to a 201(k). That was also before your company was downsized and you lost your job — or before you jumped ship to a company that didn’t view the movie “Titanic” as a business plan.
In either case, you still have those 401(k) dollars with your old employer. What should you do with that money? Here are your five options.
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