The LearnVest Quick Guide to … 401(k) Rollovers

The LearnVest Quick Guide to … 401(k) Rollovers

In our series "The LearnVest Quick Guide," we offer up easy-to-follow advice for common financial tasks.
You know, the stuff that you plan to get around to tackling … tomorrow.

Well, we’ve done the heavy-lift research for you—and then distilled it into a digestible mini guide—so you can check a box off your to-do list today.

Our first installment: How to finally roll over that 401(k) from your last gig—or maybe even two jobs ago.

Whenever you change jobs, you’re not only saying goodbye to your boss and co-workers, but also likely leaving behind a company-sponsored 401(k).

In a nutshell, you have three choices to consider: Roll the money over into a new employer-sponsored 401(k). Roll the funds over into an individual retirement account (IRA). Or leave the money in your old 401(k) account.

While there is technically a fourth option—cashing out your 401(k)—you should really consider avoiding this move.


You'll likely have to pay penalties, not to mention that you'll miss out on future compound growth.

Ready to get the 401(k) rollover process, well, rolling? Here's our four-step quick guide.


Want to learn more about nest egg planning? Check out the LearnVest Retirement Knowledge Center.

LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. LearnVest, Inc., is wholly owned by NM Planning, LLC, a subsidiary of The Northwestern Mutual Life Insurance Company. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies.


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