- It’s important not to delay retirement savings just because you can’t yet participate in your new employer’s 401(k). Consider opening an IRA or utilizing a health savings account (HSA) if you have a high-deductible health insurance plan.
- When transitioning to a new job, take time to understand the retirement savings options available to you. If you can’t immediately contribute to a 401(k), explore alternatives like IRAs and HSAs to stay on track with your retirement goals.
- If you max out your IRA contributions, you can utilize an HSA for additional retirement savings. HSAs offer tax benefits and can be a valuable tool for building your retirement nest egg.
- Once you become eligible for your new employer’s 401(k), assess whether it makes sense to switch from your IRA and HSA. Consider factors like company match benefits and investment options before making a decision.
- Don’t overlook potential Social Security benefits in retirement planning. Understanding strategies to maximize your benefits could significantly boost your retirement income. Join Stock Advisor to learn more about these "Social Security secrets" and retire confidently.
Read more at Nasdaq: Taking a New Job in 2026? Don’t Let This Derail Your Retirement Savings