4 Options to Give Your Old 401(k) a Fresh Start

When workers change jobs, many forget about their old employer’s 401(k) or decide to cash out their retirement savings, paying taxes and often penalties in the process. The Wall Street Journal recently reported about 30% of workers leaving jobs elect to cash out their 401(k) accounts and pay taxes – and often 10% penalties¹.

Is that the smartest option? In certain situations, of course. But, it’s important to know there are other options, including ones that will save you money in the short and long-term.