How Changing Jobs Affects Your Retirement Savings

Frequent job hoppers may come out behind in retirement

By SHARE

Frequently switching jobs can make it more difficult to save for retirement. If you don’t stay with the company for a specified number of years, you may not be able to take any or only a fraction of the 401(k) match with you when you leave. There may also be a waiting period before you can join a new company’s 401(k). Unless workers take the initiative to set up their own retirement accounts or other investments, they probably aren’t saving for retirement during that time.

Yesterday I spoke with ABC News Now about how job hopping can affect your retirement savings.

 Also, check out 7 Reasons Job Hoppers Are Worse Off in Retirement.