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Retiring

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.
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