If you’ve changed jobs, you may have multiple retirement accounts in multiple locations — making it challenging to manage your investments and determine how much you need to save.
You basically have four options as you decide how best to manage your old 401(k) accounts. And there are pros and cons to each option you need to think about:
- Roll it over to your current employer’s plan
- Roll it over to an IRA
- Take your money out as cash
- Keep your money where it is