Joining the Great Resignation? Don't Make This Mistake With Your Old 401(k)
About 4.4 million Americans quit their jobs in April 2022. This unprecedented shakeup to the job market has been dubbed the Great Resignation, and over a year in it's still going strong. New jobs can bring better wages and better retirement benefits, but rushing to leave your old job can lead to huge financial headaches down the line.
You especially want to be careful with how you handle your 401(k) from your old job. If you make the mistake discussed below, you could find yourself staring down an enormous tax bill.
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Source Fool.com