ECONOMICS - SMART INVESTOR: One Key Consideration To Make Before Ditching Your Employer's 401(k)

The absolute worst thing you can do to an existing retirement account after starting a new job is withdraw the money. Anyone under the age of 59 1/2 gets popped with a 10% penalty right off the bat, with the added bonus of having to pay taxes on it. The wisest option? Either let it stay put (most employers allow this) or roll your savings over into a new account. Either way, you can't keep contributing to your former employer's 401(k) o ...

http://www.businessinsider.com/leaving-your-employers-401k-2013-