If you currently have a 401(k) plan through your employer, you’ll need to decide what to do with it when you leave your job. You will likely have multiple options, including leaving it where it is, rolling your balance over to your new employer’s plan, or rolling it over into an Individual Retirement Account, also known as an IRA. There is also the option to cash out your old account, but that will come with major tax implications if you’re under the age of 59 and a half. Before touching your current 401(k) plan, it’s crucial to compare your options so you can make the best choice for your specific retirement goals. Let’s take a closer look at each option [Click here to continue reading].