When Changing Employers,wisest Options for the Money You Have in Your

question 72

Multiple Choice

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

• 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.

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Definitions:

Minimize Or Shed

Strategies employed to reduce, remove, or delegate non-core business activities or assets to focus on primary objectives.

Opportunity-Seeking Processes

The methodologies or approaches used by individuals or organizations to identify and exploit potential opportunities for growth or improvement.

Ownership Mind-Set

A way of thinking characterized by taking responsibility, showing initiative, and actively managing one's assets or area of control.

Entrepreneurial Strategic Methods

Approaches and techniques employed by entrepreneurs to identify, evaluate, and exploit opportunities for business growth.