What can I do with an old 401(k)?

If you leave a job where you had a 401(k) account you’re faced with a decision: what do you do with that 401(k) once you’re gone?

As we’ve talked about the last few weeks, the money in your 401(k) belongs to you (excluding any matching funds that aren’t fully vested yet) so you need to decide what to do with it. You’ve got four basic options: keep it where it is, move it to your new job’s 401(k), move it into an individual retirement account, or cash it out. Your choice, and making sure you get the details right can make a BIG difference in how much you’ll pay in taxes and penalties. Keep reading here to find out the best choice for you.