How to Avoid Cashing Out Your 401(k)

It’s easier to transfer your savings to your new employer’s plan.

401k on a piggy bank. Savings for retirement.
(Image credit: Getty Images/iStockphoto)

If you’re changing jobs, you will probably remember to pack your framed pictures, lucky pen and alma mater coffee mug. But there’s something else you should take with you: your 401(k).

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Brendan Pedersen
Staff Writer, Kiplinger's Personal Finance
Brendan joined Kiplinger in 2018 and writes about technology, security and money. A Chicagoland native, he graduated from DePaul University with degrees in journalism and political science. Before moving to Washington, D.C., Brendan covered local politics for NBC Chicago and daily news for BusinessDen in Colorado.