Retirement
Leaving a Job? Your 401(k) Options: Leave It, Roll It Over or Cash Out
When you leave an employer, your 401(k) does not have to follow a default path. This guide compares leaving the money in the old plan, moving it to a new plan, rolling it into an IRA and cashing out, with the tax rules on withholding, the 60-day window, early-withdrawal penalties and company stock.