Choices for Your 401(k) When You Leave or Change Jobs: Cash Out, Roll Over, or Let Auto-Portability Handle It
Changing jobs used to mean your old 401(k) sat wherever you left it until you got around to dealing with it — or, if the balance was small enough, your former employer quietly cashed it out and mailed you a check minus withholding. That default is changing. Under SECURE 2.0,…
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