--- title: Leaving Your 401(k) Savings Behind Will Cost You! description: In his July 30th, 2015 article in MarketWatch, RCH’s CEO Spencer Williams gives sage advice to America’s mobile workforce, urging job-changing retirement savers to take the initiative and to consolidate their retirement savings. image: http://blog.rch1.com/hubfs/Publications/MarketWatch/Logo/marketwatch-logo.png --- [![Retirement Clearinghouse Logo](https://blog.rch1.com/hs-fs/hubfs/raw_assets/public/Retirement_Clearinghouse_May2022/images/logo.png?width=1000&height=648&name=logo.png "Retirement Clearinghouse Logo")](https://rch1.com/) [Privacy Policy](https://securities.rch1.com/common/PrivacyStatement.pdf) [Sponsors/Service Providers](https://rch1.com/plan-sponsors) [Individuals](https://rch1.com/individuals) [Login](https://rch1.com/#) - [Home](https://rch1.com/home-page) - [Individuals](https://rch1.com/individuals) - [Individuals Home](https://rch1.com/individuals/individuals-home) - [Who is RCH?](https://rch1.com/individuals/who-is-rch) - 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In his July 30th, 2015 [MarketWatch article titled, Leaving Your 401K Behind When Changing Jobs Will Cost You,](http://www.marketwatch.com/story/leaving-your-401k-behind-when-changing-jobs-will-cost-you-2015-07-30) RCH’s CEO [Spencer Williams](http://www.rch1.com/corporate-profile/management-team/j-spencer-williamspresident-and-ceo) gives sage advice to America’s mobile workforce, urging job-changing retirement savers to take the initiative and to consolidate their retirement savings. Research proves that Spencer’s advice is spot-on: [a recent study](https://info.rch1.com/mobileworkforce) conducted by Boston Research Technologies finds that 33% of workers will leave balances in a prior plan at least once in their career. This costly move will penalize a hypothetical 30-year old $2,520 in fees by age 65. Cashing out is even worse:  according to Fidelity, the same 30-year old who cashes out a $16,000 401(k) balance could lose over $145,000 in retirement income. So, take the initiative and consolidate!  Click Here to Read the [MarketWatch article titled, Leaving Your 401K Behind When Changing Jobs WIll Cost You.](http://www.marketwatch.com/story/leaving-your-401k-behind-when-changing-jobs-will-cost-you-2015-07-30)    [Back](https://blog.rch1.com/blog) [![Retirement Clearinghouse An RLJ Company](https://blog.rch1.com/hs-fs/hubfs/raw_assets/public/Retirement_Clearinghouse_May2022/images/footer_logo.png?width=1000&height=648&name=footer_logo.png "Retirement Clearinghouse An RLJ Company")](https://rch1.com/) 1916 Ayrsley Town Boulevard Suite 200 Charlotte, NC 28273 - [Individuals](https://rch1.com/individuals) - [Plan Sponsors](https://rch1.com/plan-sponsors) - [Auto Portability](https://rch1.com/auto-portability) - [Company](https://rch1.com/company) - [News & Information](https://rch1.com/news) - [Mission](https://rch1.com/company/mission) - [Careers](https://rch1.com/company/careers) - [Contact Us](https://rch1.com/contact-us) - [Logins](https://rch1.com/#) - [Disclosure Central](https://rch1.com/individuals/learning-center/resources-%26-downloads) - [Do Not Sell or Share](https://blog.rch1.com/blog/leaving-your-401k-savings-behind-will-cost-you#decline-cookies) - [My Personal Information](https://blog.rch1.com/blog/leaving-your-401k-savings-behind-will-cost-you#decline-cookies) - - - Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. 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