What Happens to Your 401(k) When You Change Jobs?

Changing jobs is more common than ever, but what happens to your old 401(k) when you move on? In this episode, Jake and Nick break down your four main options and the pros and cons of each. They'll explain when to leave it, when to roll it, and when to rethink your entire retirement strategy. Don't just "set it and forget it." Use your new position as a chance to simplify, consolidate, and get your money working smarter for your future. Here's what we discuss in this episode: 💰Tax Awareness: how rollovers and withdrawals affect your future income 🏢 New Employer's Plan: pros and cons of rolling funds into your new 401(k) 🚫 Cashing Out: understanding the taxes and penalties before you act 💌 Mailbag Minute: answering real listener questions about job changes and retirement plans 🧭 Work With a Pro: make sure your next move fits your bigger plan   Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/   Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/   Check us out on YouTube: https://bit.ly/3CcAzai