Despite the uncertainties of the job market, today's workers stay in a job for an average of only 4.4 years. Job-hopping is even more prevalent among younger workers: about nine out of 10 millennials (born between 1977 and 1997) expect to stay in a job for less than three years.
The impact of moving from job to job on a worker's career depends on individual circumstances. However, any time you leave a job – whether you've been there for three years or 30 years – you could be faced with a decision about what to do with the savings in your employer-sponsored retirement plan. There are typically four options.
- Written by Charles Sims Jr.