man with hood and red words For nearly everyone, a 401(k) cashout is the worst DIY action to take when leaving a job.

With unemployment nearing historic lows, more career opportunity inevitably translates into greater job mobility. That means more 401(k) participants will be changing jobs and will face important decisions on what to do with their retirement savings.

If you’ve changed, or plan to change jobs and must decide what to do with your 401(k) at your former employer, the easiest choices – cashing out or leaving your funds behind – are typically your worst options.

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