What happens to 401k if you switch jobs? What do I need to check before putting in my notice?

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Ask HR on both ends—they held my hand through the process. You don't need to do anything before putting in notice. After providing notice, you typically fill out rollover paperwork with existing company as well as application/rollover paperwork with new company (after starting). It was a bit of a headache but HR was helpful in navigating. Use your first/onboarding week to ask these questions.

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When exactly do I have to do this? Can I wait after I join the new company to do this??

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Google is your friend…I’d check vesting rules to see if you get to keep the company match. Once separated, you can request a rollover to your new employers 401k plan or IRA account.

Roll over to new account. You have to pay attention to the details on how it’s done. Sometimes it’s electronic and others it can be sent to you to deposit in the new account. Most banks have a self help feature to walk you through

If you leave your firm without having a job but then later get a job would you be able to rollover from your IRA to the new companies 401k?

Doing a 401k rollover to another company’s 401k is *usually* really easy and straightforward.

If you are cashing out any portion of it you will have to pay fees, taxes, etc.

You do it once you join your new company. You don’t need to do it right away. You’ll also get information from your previous plan on your options. It’s not difficult. You will need to call your new plan and ask them to walk you through how to rollover your 401k if you’re confused at all and they can help you.

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