When Changing Employers,the Wisest Option for the Money You Have

question 2

Multiple Choice

When changing employers,the wisest option for the money you have in your current employer-sponsored retirement plan typically involve all of the following except

• A)transferring the money to your new employer's 401(k) plan.
• B)moving the balance to an IRA rollover account.
• C)leaving the money in your old employer's plan.
• D)withdrawing and spending the money.

---

Definitions:

Profit-Maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit based on the cost of production and market demand.

Firm

A business organization or entity, especially one involved in industrial or commercial activities.

Operating

Refers to the day-to-day functions, activities, and administrative tasks required to run a business or an organization.

Eighth Unit

A term that could refer to the unit in a sequence or series, specifically the one that comes eighth in order.