ROLL IT OVER! Last year 57% of job-hoppers chose to cash out their 401(k)s rather than roll the balance over to a new account, according to a Hewitt Associates study. That's a mistake, even if the balance seems too insignificant to roll. Federal and state taxes, plus a 10% penalty for withdrawing funds before age 59 1/2, can eat up nearly half of a $10,000 distribution. But if a 30-year-old rolls that money over and cashes out at age 60, the account would total some $97,000 before taxes, and the worker would take home a good $60,000. Now that's worth a...
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