Left a Job? Here’s What to Do With Your 401(k)

If you’ve ever left a job and weren’t sure what to do with your 401(k), you’re not alone.

Most people will face this decision multiple times throughout their career, and while it doesn’t always feel urgent, it can have a lasting impact on your financial future.

At a high level, you typically have three options:

• Leave the account where it is
• Roll it into a new employer’s plan
• Roll it into an IRA

Each option comes with tradeoffs, affecting everything from investment flexibility and fees to how easy it is to manage your overall strategy.

In this video, we walk through:

• The pros and cons of each option
• Why “doing nothing” can lead to scattered accounts over time
• How fees, investment options, and structure can differ
• Why this decision matters more than it seems

In fact, there are trillions of dollars sitting in old, inactive 401(k) accounts—often not because people made the wrong choice, but because they didn’t make one at all.

Small differences in fees or returns may not seem meaningful in the moment, but over time, they can compound into significant outcomes.

If you’ve recently changed jobs or have old retirement accounts you haven’t revisited, Hanover Advisors can help you evaluate your options and build a more cohesive strategy.