What happens to my retirement account if I change jobs or retire?
Asked 6 months ago
If you change jobs or retire, your retirement account with HP Retirement Services remains intact. You have multiple options depending on your circumstances. If you change jobs, you can leave your retirement account with HP where it will continue to grow tax-deferred. Alternatively, you may roll over the funds to your new employer's retirement plan or an Individual Retirement Account (IRA). Rolling over the funds ensures continued tax advantages and flexibility. If you retire, you can access your retirement account with several options: taking regular distributions, making lump-sum withdrawals, or purchasing an annuity. These choices give you the freedom to manage your retirement funds according to your individual needs and financial goals. HP Retirement Services is dedicated to assisting you during these important life transitions.
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