Can It Be Difficult to Cash Out A 401K When You Quit A Job?

<p>Precisely what happens to your 401k when you quit a job can vary depending on rules relating to the account. In some cases, your investments can stay right where they are, and you can tap them when you reach retirement age without much difficulty or financial penalties.</p> <p>However, rolling over the 401k into your new employer&rsquo;s plan or an IRA is also an option. For accounts that don&rsquo;t allow the money to stay with your last employer, then a rollover might be more of a necessity, suggesting you don&rsquo;t cash out.</p> <p><a href="https://medium.com/@DistrictMedia/can-it-be-difficult-to-cash-out-a-401k-when-you-quit-a-job-c2c8c774e3ea"><strong>Website</strong></a></p>