What should I do with my 401k? The 401kanine has the answers

Empowered DOllar.com presents: WHAT SHOULD I DO WITH MY 401K? You'VE GOT OPTIONS, I'VE GOT ANSWERS AND A NECKTIE. GOT ANOLD 401K AND NOT SURE WHAT THE HECK TO DO WITH IT? 401KANINE THE IS HERE TO HELP! 1CASH OUT (BAD DOGI) HERE ARE YouR 33 * The H01kanine is not an investment advisor. He 1s just a smart dog, so invest at your own risk. BASIC OPTIONS FOR YOUR 4olk TEMPTING, BUT PROBABLY THE WORST DECISION YOU CAN MAKE FOR YOUR RETIREMENT. 2SIT, STAY! TAKING OUT MONEY FROM youR 401K BEFORE RETIREMENT WILL COSTYOU: 100% EARLY WITHDRAWAL PENALTY KEEPING YOUR MONEY IN YouR OLD 401k MIGHT BE AG0OD CHOICEIF: O You DON'T HAVE A BETTER OPTION LINED UP YET (LIKE A NEW 401K OR AN IRA) 2 PAYING INCOME TAX TODAY ON PRE-TAX CONTRIBUTIONS, EARNINGS ON POST-TAX ¢ EMPLOYER CONTRIBUTIONS 3 LOSING OUT ON THE CHANCE TO KEEP GROWING YOUR MONEY 2) You'RE HAPPY WITH THE INVESTMENT OPTIONS AT YOUR OLD 401K IF You DO LEAVE YOUR MONEY WHERE IT IS, BESURE: You'RE ALLOWED TO STAY IN YOUR OLD PLAN 2 you'RE NOT GETTING CHARGED EXTRA TO KEEP IT THERE 3ROLLOVER! 3 You'VE GOT A PLAN FOR WHAT YOu WANT TODO READY TO KEEP THAT RETIREMENT BALL ROLLING? You MIGHT BEREADY THEN FOR A DIRECT ROLOVER INTO EITHER A... NEW 401K IF YOUR EMPLOY ER OFFERS IT AND ACCEPTS ROLLOVERS, OR 2 IRA (INDIVIDUAL RETIREMENT ACCOUNT) IF YOu NEED TO HANDLE YouR RETIREMENT ON YOUR OWN -JUST WATCH OUT FOR HIGHER ACCOUNT FEES TEACH ME HOW TO ROLLOVER! PICK THE DESTINATION FOR YOUR MONEY AND RESEARCH LOW COST OPTIONS 2)OPEN YOUR NEW RETIREMENT ACCOUNT (YOUR NEW 401k ORIRA) 3REQUEST YOUR DISTRIBUTION PAPERWORK FROM YOUR OLD PLAN OR OLD JOB 4ROLLOVER! (BUT BE PATIENT- THIS MAY TAKE AWHILE) *KEEP THINGS SIMPLE : ROLLOVER TO SIMILARLY TAXED ACCOUNTS AND AVOID GETTING A CHECKIFYOU CAN