​Own your own business? If so, you’re probably juggling many different challenges. You have to provide service your customers, find new clients and manage your company’s cash flow. You also may have to manage your employees, develop new products and services and work to achieve your long-term goals. As a business owner, you probably wear many different hats.
 
With so many challenges on your plate, retirement may not be on your radar. If you’re like many business owners, you may think you can work as long as you want. Many self-employed individuals funnel their energy and resources into their business rather than plan for the future.
 
However, retirement is one challenge you may not want to ignore. It’s not a given that you’ll be able to work forever, and you may not be able to sell your business to fund your retirement. It’s always helpful to have assets set aside for retirement. Also, a business retirement plan may be a helpful tool to attract new employees.

​Did you leave your 401(k) behind at your old job? According to a study from the U.S. Government Accountability Office (GAO), you have company. The study found that more than 25 million Americans left their 401(k) balance in a former employer’s plan during the 10-year period from 2004 through 2013.1
 
When you leave a 401(k) balance in a former employer’s plan, it could create complications. For example, if the employer is sold or goes out of business, you may have trouble accessing the money. If you pass away, your beneficiaries could have trouble tracking down your old balance.
 
If you have a balance in an old 401(k) plan, now may be the right time to take action. Below are a few options. Consider your unique needs and goals. You also may want to consult with a financial professional to help you decide on the right strategy.