Tag Archives | 401(k) rollover
money throw away

Leaving A Job? Don’t Cash Out The 401k

Leaving your job? Whatever you do, don’t cash out your 401(k) and spend the money. Unfortunately, that is a very common mistake made by younger workers. According to a study by Fidelity Investments, 41 percent of plan participants ages 20 to 39 cashed out a 401(k) when leaving their job last year, the highest of […]

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Job Hopping Can Be Dangerous To Your Financial Health

Job Hopping Can Be Dangerous To Your Financial Health

Job hopping can hurt your ability to retire on time, says a recent article in U.S. News & World Report. Baby boomers and younger workers are job-hopping at record rates.  Younger baby boomers (born between 1957 and 1964) have held an average of 11 jobs by age 46, says the Bureau of Labor Statistics. While about […]

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