Changing jobs can disrupt retirement savings, but financial planners offer tips to stay on track.

From Yahoo Finance: 2025-04-12 11:00:00

Leaving a job can impact your retirement savings, especially if you cash out your 401(k) instead of rolling it over. Financial planners advise against stopping retirement savings, as even small amounts can compound significantly over time. Changing jobs can leave money on the table due to vesting periods for employer contributions, which can affect your 401(k) balance. Most workers change jobs multiple times, risking losing employer contributions if they switch before being fully vested. It’s crucial to stay aware of your retirement accounts and not overlook them when changing jobs.



Read more at Yahoo Finance: Changing jobs can disrupt saving for retirement. Here’s how to stay on track.