1. Leave it with your former employer. This requires no action, but it’s easy to lose track of old accounts and you’ll remain limited to the investment menu and rules of a company you no longer work for.
2. Cash it out. While this gives you immediate access to money, it often triggers taxes, possible early withdrawal penalties, and can undo years of retirement progress.
3. Move it into your new employer’s plan. This can help keep savings in one place, but employer plans usually have strict rules and fewer investment choices compared to other options.
4. Roll it into an IRA. With a rollover, the account becomes yours and is not tied to any employer. An IRA offers more flexibility, a broader range of investments, and the ability to consolidate accounts into one place. Most people find this option provides the most control and customization for their long-term goals.

Your salary is only part of the story. The real wealth often hides in the benefits package, and too many people skip over the details.

Here’s what you can’t afford not to ask in every interview:

• Is there an employer retirement plan (401(k) or similar)?
• Is there a company match? If so, how much?
• What’s the vesting schedule? (When does the money officially become yours?)

These benefits can be worth thousands of dollars every year. Not asking is like leaving money on the table.

At Darling Wealth Management, we’ll review employer retirement plans with you whether you’re an existing client or not. This review is completely free, and it could help you make a smarter career decision before you sign the offer.

How does a 401(k) differ from an IRA?
A 401(k) is offered through an employer, often with limited investment menus and company rules. An IRA is individually owned, with more flexibility and investment choice.

What happens if I forget about an old 401(k)?
It still belongs to you, but it may be harder to track, could get lost in paperwork, and won’t be actively monitored unless you take action.

Can I roll over multiple accounts into one IRA?
Yes, consolidation is one of the biggest benefits. It can make your financial life simpler and easier to manage.

Do I lose my employer match if I roll over?
No, any employer contributions that are vested are yours to keep when rolling over. Vesting is the amount of time you need to stay with your employer before their contributions to your retirement account fully belong to you. Your own contributions are always 100% yours, but employer matches may “vest” gradually over a schedule. Once you’re fully vested, those matched dollars are yours to keep, even if you change jobs and roll over the account.