F O U N D A T I O N Laying the groundwork for fi nancial success
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FALL 2018
Switching to a new job? Don't forget about your 401(k). Those
retirement saving funds may need to be moved to the new
employer. Consider:
➊
You may not have to transfer. Some plans let departing
employees keep funds as is.
➋
You may not want to. If your current plan off ers lower fees
and transaction costs or more and better investment options,
staying put could be the best move.
➌
To avoid a possible tax bill, a direct transfer between plans
is almost always advised rather than having your former
employer send you a check.
— Mark Henricks
401(k) transfer primer
After college, you're focused on fi nding the
right job. After landing the right job, it's time
to revisit those student loans that helped you
get your degree. These three steps will help
you forge a solid repayment plan.
➊
Identify all your loans and the amounts
owed. You can go to nslds.ed.gov to view your
Title IV loans and grants in one place.
➋
Contact your loan servicer (the company
handling your student loan and associated services) for information on repayment plans. They will
discuss your options based on salary and loan amounts.
➌
Access the Repayment Estimator at studentloans.gov to compare repayment plans before selecting
the right one for your situation.
— Brian Keagy
Student loan (re)payment plan
American Airlines Credit Union
Looking for loan options to get you through school or to consolidate your current student loans?
The Credit Union off ers options to help you. See Page 42 for more information.
