How you choose to juggle accounts from former workplaces could make a big difference in how much you’ll ultimately have at retirement, said Alison Borland, executive vice president for defined contribution solutions at benefits administrator Alight Solutions. It’s important to understand your options and take time to ask questions and figure out your best strategy.
“The long-term implications can be significant, financially,” she said. “There’s a lot at stake.”
Broadly speaking, you have three options for a retirement account from a former workplace:
1) Leave it where it is.
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