American IRA Discusses Changing Jobs with a 401(k) and How to Use the Option of a Self-Directed IRA

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What should investors with a 401(k) plan do when changing jobs? A recent article at American IRA pointed out how a Self-Directed IRA might help simplify retirement for those who expect frequent job changes in their career.

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American IRA CEO, Jim Hitt

In the terms of a Self-Directed IRA, an investor can easily access investments of real estate, precious metals, common stocks, funds, and a wide variety of asset classes.

A recent post at the American IRA blog highlighted what investors changing jobs should do when they find themselves with a 401(k) to move. As opposed to an independent Self-Directed IRA, over which an investor would have a high degree of control, these retirement plans can come with a lot of variables that can make them difficult to take from job to job.

For example, the article advises investors with a 401(k) to check the vesting schedule of the plan. Notes the article: “If your employer is matching the amounts that you contribute to your 401(K) plan, those funds are typically not completely yours for several years.” An example vesting schedule might include 40% vested after three years of service, for example. This is something to keep in mind as investors consider switching jobs, as the employee matching might not have been as much as the investor thought in the early years.

There are a number of other options to also consider, according to the post. The first one—cashing out—should be off the table, it argues, as the taxes and penalties will be too severe. Leaving the money where it is can be one option, as it’s often better than cashing out. However, the post recommends doing something simple like rolling over into an IRA. This provides the investor with the most amount of control possible, especially if rolling over into a Self-Directed IRA. In the terms of a Self-Directed IRA, an investor can easily access investments of real estate, precious metals, common stocks, funds, and a wide variety of asset classes.

“Changing jobs is stressful enough,” said Jim Hitt of American IRA. “With this post, our goal was to inform our readers that there may be simpler and better options than taking out cash from a retirement account or simply leaving it be.”

For more information about the Self-Directed IRA, visit the blog at or call 866-7500-IRA.

American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.

As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC

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