
When you leave a job, you can leave your 401(k) with your old employer, roll it over to a new employer's plan or an IRA, or opt for a cash withdrawal—though the latter incurs taxes and a potential 10% penalty if under age 59½; additionally, small balances (typically under $7,000) may be automatically cashed out without your consent, and while your own contributions remain fully vested, any unvested employer matches are forfeited upon departure.


