changing jobs

Changing Jobs? Beware of Bad Information About 401(k) Options

Posted on 04/8/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsAbout to change jobs? If you have a 401(k) account, you’re at risk of getting bad information when you ask the company managing your retirement plan about your options. Turns out that, in some cases, the people who give advice over the phone push departing workers toward rolling over their 401(k)s into a privately owned individual retirement account (IRA) that the investment company sells. What these plan providers also don’t disclose to workers are the fees associated with that move or other …