New Employer's Plan
If
you’re changing jobs and your new employer offers a retirement savings plan,
you may be eligible to roll over your account directly into this new plan.
Just keep in mind:
- It’s best to have the money directly transferred to your new employer’s
plan because if the check is made payable to you, you could risk losing a sizable
portion to withholding taxes.
- All plans have different rules and requirements, so you should consult with
your new employer’s plan administrator to determine your eligibility for
rollover, investment alternatives and possible withdrawal restrictions.
|