Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

What happens to your employer-sponsored retirement plan if you decide to change employers?

Sagot :

jepessoa

Answer:

Most 401 (k) or IRA accounts allow employees to roll-over their accounts from the old employer to the new employer. Depending on the account and how much time you have been making contributions, you could also cash your retirement account, but that would mean starting from zero with the new employer.

Answer:

a). You may roll your money over to a new plan through your new employer.

b) You can withdraw the money from your plan in one lump sum and pay income taxes and likely a penalty as well.

c) You can leave the money in the plan with your former employer.

answer is correct

d) All of the above

Explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.