Many retirement savers changing jobs, simply transfer funds directly from their previous employer’s 401(k) into their new employer’s retirement plan. They do this with a quick phone call to the new plan administrator. However, in some cases, that’s not always the best move.
CNBC’s recent article, “New job? How to become a retirement-plan rollover champ,” explains that there’s no blanket answer for every situation. Each individual person will need to determine the right solution. The article does provide six options to consider.
Reference: CNBC (May 23, 2018) “New job? How to become a retirement-plan rollover champ”
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