If you quit, get laid off or retire, you’ve got 4 options for your 401(k) savings:

  1. Leave the money with the your ex-employer
  2. Move it to your new employer’s plan (if that company allows it)
  3. Roll it to an individual retirement account (IRA)
  4. Cash out

Each choice comes with potentially negative consequences for your savings. Learn more in this article:

How to protect your 401(k) if you leave your job

How to protect your 401(k) if you leave your job http://www.marketwatch.com/story/what-to-do-with-your-401k-if-you-leave-your-job-2011-06-01You thought the hardest part about saving for retirement was figuring out the best place to invest your money? Here’s another head-scratcher: what to do with your 401(k) when you leave your job.