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With rising wages and a tight labor market, the last couple years have led many workers to switch jobs. That means many job-hoppers may have a 401(k) retirement plan with a former employer.
Check with your IRA institution first to ensure that it will accept the kind of rollover that you would like to make. “The letter of the law says it is OK [to roll a 401(k) into a Roth IRA].
So check there first, if you’re unsure how to proceed. 1. Rollover into a new company’s 401(k) plan. ... If you’re not up to that job, it may make sense to stick with your current plan.
Don’t leave your savings behind!
A 401(k) lets you build your nest egg while reducing your taxable income by sheltering your contributions before the IRS takes a bite out of them -- and when your employer matches your ...
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Starting a new job is an exciting prospect – both for your career and your retirement plan. And taking your 401(k) with you means transferring the funds to a new account, such as another 401(k ...
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