This week's Money Move of the Week is about moving your old retirement account after you leave a job.
Now this advice isn't for everyone. For example, if you have a 401(k) with a discount provider such as Fidelity and Vanguard, it's a good idea to just leave your money there. But if you have a retirement account that isn't with one of the big discount providers, rolling it over into a Roth IRA might be a good idea for you.
Something you need to keep in mind, though is that many companies make what should be an easy process complicated and difficult. That's where other companies such as hicapitalize.com come in to make an easier and smoother transition. You can read Joel's review of his experience with them here.
The one thing you should not do is cash out your 401(k). If you're under the age of 59.5 you'll be paying a lot of fees and you'll be missing out on future returns.
You can also listen to this week's episode below!