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Tuesday, October 20, 2026Updated 01:23 UTC

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Never Cash Out Your 401k When You Change Jobs – Ask for a Direct Rollover

Source: Money Crashers · Oct 19, 2026 22:15 UTC

Emergency center entrance of a hospital in Saratoga Springs, New York — File photo P_R_F / Flickr · CC BY 2.0 · Source

The Quick Take

The temptation shows up at a bad time. A job change can bring moving costs or a gap between paychecks, and the old 401k starts to look like a spare emergency fund. The day-one math is worse than it looks.... Source

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