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What happens to your employer-sponsored retirement plan if you decide to change employers?

Sagot :

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Answer:

Most 401 (k) or IRA accounts allow employees to roll-over their accounts from the old employer to the new employer. Depending on the account and how much time you have been making contributions, you could also cash your retirement account, but that would mean starting from zero with the new employer.

Answer:

a). You may roll your money over to a new plan through your new employer.

b) You can withdraw the money from your plan in one lump sum and pay income taxes and likely a penalty as well.

c) You can leave the money in the plan with your former employer.

answer is correct

d) All of the above

Explanation:

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