Reaching your 2021 financial goals: Managing an old retirement account

Managing an old retirement plan can be intimidating and confusing. Some people simply close old accounts, not understanding there may be better options available to them.

Every person’s situation is different, and it’s essential to consider your specific financial goals when deciding what to do with your assets. Making the wrong decision could cost you money in the short term — and have more significant ramifications around tax time.

Instead of closing your old account and moving on, read on for a guide to managing an old retirement plan. You might be surprised at some of the options you have, and they could end up saving you money.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.