The 1 Thing You Should Never Do With Your 401(k) When You Leave a Job

Group 1 - The article discusses the implications of cashing out a 401(k) when leaving a job, highlighting that it is generally a costly move due to penalties and taxes [4][6] - Cashing out a 401(k) results in the loss of potential investment growth, which can significantly reduce retirement savings over time [5][6] - The article suggests alternatives to cashing out, such as rolling over the 401(k) into a new retirement plan or an IRA, emphasizing the importance of a direct rollover to avoid complications [7][8]