Leaving Your Job? Weigh Your 401K OptionsKerry Capell
When Senior Editor Becky Cabaza left Bantam Books for Simon & Schuster in 1993, she didn't rush to transfer her 401(k) money into her new employer's plan. Thanks to previous job-hopping, she knew she should investigate her options before making a move. And it was a good thing she did. She discovered that not only did Simon & Schuster offer fewer investment choices than Bantam, but getting answers to her questions about the mutual funds in the plan proved near impossible. As a result, she decided to leave her account with Bantam. More recently, Simon & Schuster overhauled its retirement savings program. With greatly improved investment options and service, Cabaza is now contemplating rolling the Bantam money over.
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