Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

It used to be that a person would work at only a few companies for practically their entire life. It wasn’t unheard of to, in fact, spend an entire career at a single corporation. These days, things are a little different.

The average American will work more than 18 different jobs over the course of their working lives. That’s a lot of jobs. And although that high number includes employment while in high school and college, the average American will still work at a number of different places after their school days.

What does this mean? We have a lot of 401(k) and 403(b) accounts lying around.

At first blush, it may be tempting to cash out these accounts when we switch jobs. After all, if you’re working an average of 18 jobs, the average tenure at each is relatively small and your individual balances will reflect that. The truth is that cashing out a 401(k) could one of the most idiotic moves you could make on your path to retirement – no matter how small the balance is.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Shutterstock 752004817
News

The Market Wrap for February 15: Trade Is Back in the Saddle

The good news kept coming this week for investors. After last week’s Federal Reserve-induced...

Premium Defensive%20stocks
News

Are Defensive Stocks Still Cheap?

One of the common themes for 2018 and now 2019, has been the return to volatility. Risks have...

News

Trending: Delivery Industry Sees Amazon Threat

Dividend.com analyzes the search patterns of our visitors each week. By sharing these trends with...