Rolling Over Employer Retirement Plan
December 4, 2008 8:11 am BusinessWhen you quit your job or change your job, you will usually need to roll over your employer retirement plan. Most people do because they want a fresh start and do not want anything else to do with their old company. Sometimes, you can keep the employer retirement plan where it is.
Sometimes, the company will just cut you a check. You do not want them to do that.
The easiest way to deal with the account when you leave is to rollover the account into an IRA. It is easy to do, just fill out some paperwork and let the financial institution take it from there.