Changing jobs

Leaving your current job for greener pastures, bigger challenges or a more desirable work/life balance is exciting. However, as you tie up loose ends, make sure your employer-sponsored retirement plan is on your checklist. It is essential to understand the distribution options available to you as well as common pitfalls to avoid, such as:

Just make sure you do something. In an era where the workforce is increasingly mobile – people change jobs an average of 12 times throughout their career¹ -- workers are, often unwittingly, leaving behind pools of retirement savings when they switch jobs, and the result is adding up to big bucks. The National Association of Unclaimed Property Administrators put the total dollar amount of abandoned accounts at $7.7 billion in 2015.

^{1Bureau of Labor Statistics, 2016} 

^{This is meant for educational purposes only.  It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions. 04/19}