Is your old 401K still with a former employer? If so, it may be worth a second look.

Changing jobs can be exciting. New opportunities, new coworkers, and a fresh start often come with a new benefits package and a new retirement plan.

But there is one important financial decision many people overlook: what happens to the 401K left behind at a previous employer?

Too often, old retirement accounts are forgotten. Statements continue to arrive, investment options remain unchanged, and years pass without a second thought. While leaving money in a former employer's plan may be an option, it is not always the best option.

A job change can be an excellent time to review your retirement strategy and determine whether your existing savings are still aligned with your goals.

Many people are surprised to learn they may have alternatives that provide benefits such as:

• Greater protection from market downturns

• Guarantees that can provide additional peace of mind

• Continued growth potential for long-term retirement goals

• Simplified account management by consolidating retirement assets

The key is understanding your options and making an informed decision rather than allowing an old account to remain unattended.

Think of it this way. When you move to a new home, you do not leave important belongings behind. The same principle can apply to your retirement savings. A new job often presents an opportunity to review where your money is, how it is working, and whether it still supports the future you want to create.

The best retirement strategies are not built by accident. They are built intentionally.

If you recently changed jobs or have an old 401K sitting with a previous employer, it may be worth taking a closer look.

Your next chapter deserves a strategy.

Cathy Badurina Cathy@BadurinaGroup.com 757.583.2855

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