Friday, February 15, 2019

What To Do With An Old 401(k)?: 4 Choices To Consider

What To Do With An Old 401(k)?: 4 Choices To Consider: One of the things you have to consider when changing jobs or nearing retirement is what to do with your old workplace savings plan.

The more frequently you’ve changed jobs, the greater the chance that you may still have an old 401(k) with a former employer, maybe even one you forgot about over time. If you suspect you might have a lost 401(k), you can search online for unclaimed retirement benefits. But perhaps the best way to find an old 401(k) is the direct approach—contact the HR department at your former company to see if they can help. If the company was sold or merged, contact the current parent company, as your old 401(k) was likely merged into the new entity’s 401(k) plan.

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