Changing jobs can be quite a hassle for most new employees; deciding what they should do with their existing 401(k) plan could be even more time-consuming, not to mention confusing.

In Revenue Ruling 2004-12, the Internal Revenue Service just made it a bit easier for employees to take some time to consider what they want to do with assets accumulated at their previous employer. Now, employees will not be penalized if the assets originally placed in a new employer’s 401(k) plan are subsequently taken out.

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