How to Rollover a 401(k)
Perhaps you've left your job but still have a 401(k) or Roth 401(k) with your former employer; you're retiring and are wondering if leaving your money in a 401(k) is the best option; or perhaps you simply want to diversify—now what? The infographic, below, explains four options to consider: leave your assets in a previous employer's plan, cash out your 401(k), initiate a 401(k) rollover into a new employer's plan, or rollover into an IRA (Traditional or Roth).
There are many factors to keep in mind when considering a 401(k) rollover, including where you're at in your career, your current financial status, and your tax and investment preferences. You should consider all of your options before making a decision, and can use the information provided here to help. If you decide a rollover is right for you, contact a Schwab Rollover Consultant at 866-855-5636.