| Transfer the money into your new employer's retirement plan: |
You can transfer your previous employer's retirement plan into your new employer's retirement plan. Transferring your retirement plan to your current employer is a wise idea because you can manage your investments better than if you left your retirement account with your previous employer. |
| Advantages with this option: |
1. |
No taxes are due until you begin taking money out. |
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| Disadvantages with this option: |
1. |
You must change investments to those offered through your new employer's plan. |
2. |
Your new employer may have a waiting period. |
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