Legislation that would provide more flexibility and clearer guidance for Americans navigating retirement savings decisions when changing jobs has been reintroduced in the House of Representatives.

Options may include rolling it into an IRA or a new employer’s retirement plan. Cashing out your 401(k) could leave you with penalties and taxes on your distribution. Many Americans will, at some ...

Switching jobs? You may want to consider what you’d like to do with your 401(k) plan. You can either keep your 401(k) plan with your old employer, cash out, transfer your 401(k) to your new employer ...

Helping clients decide what to do with their 401(k)s after they leave the workforce can be complicated. There are many factors to consider, from investment returns to taxation to inheritance issues ...

If you have left a job or are near a job shift, you must roll your 401(k) into an IRA. With this smart move, you can cut fees ...

I am a 66-year-old retired woman. I left my 401(k) with my old employer – roughly about $300,000 – but now I’m thinking about rolling it over and don't know where to begin. Can you advise me? Rolling ...

A new Roth IRA conversion option for unused money in 529 college savings plans, which went into effect this year, is likely to spur more college savings, according to a new survey from Saving For ...

Leaving your job can be chaotic, whether you’re retired, laid off, or moving to a new company. Although taking care of your previous employer-sponsored retirement plan may not cross your mind, it is ...

According to a 2024 research report, $595 billion was rolled over from employer plans to traditional IRAs in 2020. That report also stated that 62% of US households—or 25 million—with IRAs rolled over ...

Federal income tax law offers tax advantages to taxpayers that save money in specially designated accounts earmarked for future educational expenses (“529 Accounts”). In addition, federal income tax ...

Millions of Americans will at some point face the decision of what to do with their old 401(k) accounts as they switch jobs or find themselves out of work and can no longer contribute to the account.