When leaving a job, it's important to avoid common 401(k) mistakes, such as not waiting to become fully vested and delaying contributions to a new employer's plan, as these decisions can negatively impact long-term savings. Instead, consider options like immediate contributions and direct rollovers to ensure your retirement funds continue to grow.
When leaving a job, to optimize your 401(k) strategy, ensure you don't miss out on becoming fully vested in employer contributions if you're close to the vesting period. Additionally, if you are required to wait before contributing to a new employer's plan, set aside the equivalent contribution amount in a liquid savings vehicle to maintain your savings discipline and mitigate the temptation of higher immediate cash flow.