What to Do With My 401k After I Quit
Now that I told everyone about my plans to quit my job and move onto full time blogging, it’s time to look into how I should handle my current 401k account once I leave the company. As I don’t have a huge 401k account balance, the penalty if I don’t do anything will be small but this doesn’t mean that I don’t spend time on this. Managing our finances successfully means making sure that we take care of all the little things so let’s explore what I can do with my 401k.
Options, Options, Options
Roll the Money into a New 401k
If you are changing jobs, you can always roll the money into the 401k plan at the new job. This is generally a good approach if your new employer has good fund selection. In my situation however, I am going out on my own so this is […]
Original post by MoneyNing