Changing Jobs? Don’t Forget to Do These Five Things
Changing Jobs? Don’t Forget to Do These Five Things
Changing jobs can be exciting, but it also brings up many factors to consider. You need to adjust to a new set of responsibilities and a change in income and expenses. Plus, you have to figure out what to do with your old retirement plan, go over your new benefits package, and more. All of this can create a lot of money-related questions. With that in mind, this article will dive into five key steps to take when changing jobs to maximize your financial security and peace of mind.
1. Consider Your Retirement Account Options
If you have a retirement account with the employer you’re leaving, you must decide what to do with it. You have a few options. Be sure to consult a financial advisor to help you understand each choice and how it works with your situation: