Should I Leave My 401K or Move It?

The most important money you ever save is probably that money that you put in your very first employer sponsor retirement plan. When we change jobs, we really have four options and I'm going to take one away because you only have three options. So the fourth option, cash it out is not an option. You can actually roll your dollars into an IRA at a custodian of your choosing. The beautiful thing about doing that is if it's a direct, trusty to trusty transfer, there are no taxes due or penalty on any early move.