Three ways to help maximize your savings
When you retire or change jobs, you have three options for your old 401(k) that can provide continued potential tax-deferred growth opportunities.1 Or, you can cash out; but keep in mind that taxes will apply, plus possible withdrawal penalties.
Roll over to a Fidelity IRA – Lets you consolidate your retirement accounts in one place, while continuing tax-deferred growth potential. With a Fidelity IRA, you have access to a wide range of investment options.
Roll over to a new workplace plan (if permitted) – Lets you consolidate your 401(k)s into one account, while continuing tax-deferred growth potential. Investment options vary by plan.
Stay in old workplace plan (if permitted) – Lets you continue tax-deferred growth potential; however, you can no longer contribute to the old plan. Investment options vary by plan.