Are you changing jobs soon? If so, you’ll obviously be interested in your new salary — but you’ll also want to look at other financial considerations.
Here are some of the most important ones:
• 401(k) — If you had a 401(k) plan through your previous employer, you’ll need to decide what to do with it once you’ve joined a new employer. You could just cash it out, but you’d pay taxes and possible penalties. You could leave your 401(k) with your previous employer, if allowed, and if you have been happy with your plan’s performance. Or you could move your 401(k) into your new employer’s plan, which might be a good choice if the new plan has lower fees and attractive investment options. You’d also want to ask whether the new employer offers matching contributions. Finally, you could roll over your old 401(k) into a traditional IRA, which would give you more investment choices.