Never Cash Out.
The government and financial institutions don’t always do the right thing or have your best interests at heart. There is on thing they do make easy and that’s consolidating all your old 401(k) accounts into one place. Call your current 401(k) provider and tell them you want to rollover an account you have with an old employer, they’ll give you the 4 bits of information you need. The phone call will only take minutes but the actual transfer can take a month or two. So start today to make sure none or your savings get ‘lost’.