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Deciding what to do with your 401(k) plan when you change jobs

When you change jobs, you have to decide what to do with the money in your 401(k) plan. Generally, you have several options. You can withdraw your funds in a lump sum, leave them where they are, or roll over the funds directly or indirectly to your new employer's retirement plan or to an IRA. Carefully weigh the tax consequences of each option and how your retirement savings will be affected before making a decision.