Transfer the distribution directly to your new employer's plan
Your new employer may allow you to transfer your distribution directly to their retirement plan. A transfer allows you to avoid the mandatory 20% tax withholding and potential early withdrawal penalties, and you will defer income taxes on your assets until you make withdrawals from your new employer’s plan.
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