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Guide To 401(k) And IRA Rollovers

When you leave an employer for non-retirement reasons, for a new job or just to be on your own, you have four options for your 401(k) plan. You can:

  • Roll the assets into an IRA or Roth IRA
  • Keep your 401(k) with your former employer
  • Consolidate your 401(k) into your new employer’s plan
  • Cash out

Let’s look at each of these strategies.


Rolling Over 401(k) to an IRA

Traditional IRA

Roth IRA

Deciding Which IRA to Choose


Keeping the Current 401(k) Plan


Rolling Over to a New 401(k) 


Cashing Out: The Last Resort


Don’t Roll Over Employer Stock


Moving Your Money


The Bottom Line

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