Job loss

While it may be tempting to reach for retirement assets after losing a job, look for other sources that won't have the same impact on your long-term plans. These resources will help you prioritize.
Keep in mind:
  • Savings accounts or liquid investments like money market funds may be the simplest to tap
  • Home equity loans or lines of credit can be a way to access your home equity
  • If you tap into retirement assets, Roth contributions might be a more efficient option
See the checklist
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I lost my job. How can I stay on track financially?
Managing after a job loss can be a challenge, but taking several proactive steps can help.
Considering an early retirement plan withdrawal?
It's important to understand the possible effects on your retirement account and finances.
Managing retirement assets in the event of a layoff
Learn about ways to make ends meet while unemployed without dipping into retirement savings.
Planning for your financial future
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Important disclosures

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

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You have choices about what to do with your employer-sponsored retirement plan accounts. Depending on your financial circumstances, needs and goals, you may choose to roll over to an IRA or convert to a Roth IRA, roll over an employer-sponsored plan from your old job to your new employer, take a distribution, or leave the account where it is. Each choice may offer different investment options and services, fees and expenses, withdrawal options, required minimum distributions, tax treatment (particularly with reference to employer stock), and different types of protection from creditors and legal judgments. These are complex choices and should be considered with care. For more information visit our rollover page or call Merrill at 888.637.3343.