Quitting Your Job? Here's What to Do With Your 401(k)

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If you've been offered a new job and it comes with a 401(k), you may be able to just move your money out of your old retirement plan and into a new one. The benefit of going this route, assuming you plan to participate in your new employer's 401(k), is that you'll have all of your retirement funds in a single account. If you don't do a direct rollover, but instead get a check for your old 401(k) balance, it'll be on you shoulders to transfer it into your new plan in a timely fashion.