When it comes to 401(k) Distribution Options, you typically have four choices for your qualified, employer-sponsored retirement plan (QRP) assets. Each option has unique factors to keep in mind, and we believe it's best for you to understand all of your options before making a decision.

Decide which option is right for you

If you’re changing jobs or retiring, you’ll need to decide what to do with assets in your 401(k) or other qualified employer-sponsored retirement plan (QRP). These savings can represent a significant portion of your retirement income, so it’s important you carefully evaluate all of the options. Generally, you have four options:

1. Roll the assets to an Individual Retirement Account (IRA)
2. Leave the funds in your former employer’s retirement plan, if allowed
3. Move savings to your new employer’s plan, if allowed
4. Withdraw or “distribute” the money