Changing jobs or retiring? It’s important to understand your 401(k) options before making a decision. There are four main paths to consider:
- Keep it in your former employer’s plan (if allowed).
- Move it to your new employer’s 401(k), if eligible.
- Roll it over into an IRA for more flexibility.
- Cash it out, but beware of potential tax consequences.
For Benbrook residents facing this decision, local Edward Jones Financial Advisor Nicholas Workman is available to help navigate your financial future.
His office is located at 1000 Winscott Road, and he can be reached at 817-249-0157 for a consultation.
