Did you leave something important behind? When you left your last job, you probably packed up everything that was important to you. But there’s something you may have overlooked — your old retirement plan.
You have four options for your retirement money:
- Move it to your new plan
- Move it to an IRAIndividual Retirement Accounts (or IRAs) are set up and owned directly by you. Tax benefits, contribution limits, and distribution rules vary by age and type of IRA. These include both Traditional (where taxes are deferred until the money is withdrawn) and Roth (where taxes are taken out up front).
- Cash it out
- Leave it where it is
Click on the map to the right to learn more about these options.
The rules and options for retirement plans will vary. Always consult the benefits administrators at your old and new jobs for the most accurate information about your plans.
