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1 in 3 Americans is cashing out 401(k)s after quitting; here's why

Roughly one in three Americans who leave a job are not just moving on from an employer, they are walking away from their retirement savings by cashing out workplace plans. Instead of rolling old ...

Here's How to Do a 401(k) Rollover Right, According to a Financial Planner

This happens a lot with 401 (k) rollovers. While cashing out your account might seem like the quickest and easiest option, it ...
AOL

Here's why an alarming number of workers cash out 401(k) plans

A 401(k) retirement account is supposed to be hands-off. It’s not your money, in theory, but savings for the future you. And yet, when Americans leave jobs, one-third of them cash out their 401(k) ...
Harvard Business Review

Too Many Employees Cash Out Their 401(k)s When Leaving a Job

Statistically, you will likely change jobs several times before retiring. In fact, a Pew Research survey estimated that 30% of American workers changed jobs in 2022 alone, most for higher pay. But ...

Charlotte man says his 'full of crap' ex-wife wants him to cash out his 401(k) to buy a home, but Ramsey Show hosts warn he'll face huge penalties

Who gets real estate advice from their ex?

Should You Roll Your 401(k) Into an IRA Right After Being Fired or Wait It Out?

Here's how to decide what to do with your 401(k) after leaving your job, including leaving it where it is, rolling it into an IRA, or moving it to a new employer’s 401(k).