What happens to my retirement plan account if I leave my job?
If you leave your job, the fate of your retirement plan account with JP Morgan Retirement Plan Services may depend on a few factors. If you have vested in your employer's contributions, those funds generally remain intact and will continue to grow tax-deferred until you decide to retire and withdraw them. However, your ability to contribute to the account may cease, and you may need to explore alternative retirement savings options. Additionally, you might have the choice to leave the funds in your current plan, transfer them to a new employer's retirement plan, roll them over into an individual retirement account (IRA), or take a taxable distribution. It is advisable to contact JP Morgan Retirement Plan Services directly or consult with a financial advisor to determine the best course of action based on your personal circumstances.
Answered Nov 1, 2023
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