Your Retirement Savings and Change in Employment, Part 2

Your second option is to withdraw your savings. Plan participants can withdraw their retirement savings when they leave an employer or change jobs. The catch is, if you make a withdrawal before age 59½, you may lose as much as half of your savings to income and penalty taxes.If you missed any of our past episodes, you can hear them in your favorite podcast app, just click here and choose your player. Get this briefing hands-free: Subscribe free to this show as a daily Alexa Flash Briefing! Enable the skill here, then say, "Alexa, news." Hosted on Acast. See acast.com/privacy for more information.