Leaving a job can feel like closing a chapter, but your old 401(k) doesn’t just disappear when you walk out the door. Many people forget about their retirement accounts at previous employers, assuming the money will keep growing quietly. However, ignoring these accounts can create problems down the line. Fees can eat away at your savings, your investments might not match your current goals, and tracking multiple accounts gets tricky. Understanding what happens when you leave old 401(k)s behind at former jobs is key to making smart financial decisions for your future.
