6 ways to screw up your retirement plan
Mistake No. 4: Leaving the account in limbo
Just leaving your retirement account with a former employer is also a bad option, Hottin said. "If your former company downsizes or is acquired by another firm," he said, "finding some contact who can help you retrieve it at a later time could be a hassle."It's better to take your 401(k) with you and mix it in with your new employer's plan -- or roll it into an individual retirement account of some type so you can manage it a bit better." If you do an IRA rollover, make sure it's a trustee-to-trustee transfer.