When changing employment,your 401(k)account ________.

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When changing employment, you have the option to transfer your 401(k) account to another plan administrator, trustee, or even an IRA. This allows you to continue saving for retirement while also potentially benefitting from different investment options and lower fees. It is generally not recommended to withdraw the funds as it will be considered taxable income and there may be penalties for early withdrawal if you are under the age of 59 1/2. Keeping the account with your past employer may also be an option, but it is important to note that you may not be able to make contributions to the account once you are no longer employed with that company. Rolling over into an IRA is also an option, although the statement given that it "cannot" be rolled over is incorrect.

When Changing Employment,your 401(k)account ________