Dana Point, CA
Transfer to Your New Employer's Plan
If you are allowed to transfer your money to your new employer's plan, it will continue to have tax-deferred growth potential, and you avoid paying taxes on the transfer. By moving your money to the retirement plan of your current employer you won’t have to keep track of multiple investment accounts in different places, and it will be easier to see your investment mix. Your new employer’s plan may also include some attractive features, including loans and investment options.
It is possible, however, that your new employers plan may not accept transfers from other plans. The plan may also change over time, and some of the features that you looked forward to enjoying may not be available long term.
Most importantly, your new employer's plan will have its own restrictions regarding distributions and investment options. You should carefully consider your choices for transferring or rolling over the assets from your former employers plan.
