what happens to your 401k when you quit a job

[DiCora]

Your 401(k) doesn’t go away after you quit; it’s still your asset. You may roll it over to an IRA(Individual Retirement Account), transfer it to your new employer’s 401(k), or leave it with the old plan. Cashing out can cost you taxes and early withdrawal fees. Rolling over ensures your retirement funds keep growing tax-free.