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Job Hopping? Avoid These Mistakes.

| May 27, 2020
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Do you change jobs frequently? Well, you could be making some mistakes with your 401k.

Many employers will only give you the full match if you are with the company for multiple years. They do this as an incentive to stay at the company!

If an employer does not offer a match, it might be better to invest your money through other vehicles as some 401k plans are costly.

When you change your job make sure you roll over your old 401k into your new 401k. If your new job does not offer one, start an IRA where you can roll it over and you can still contribute to that as well!

If you take the money out, depending on your age, you will get hit with a 10% penalty!

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