A large number of workers save for retirement through their employers’ 401(k) plans. But what happens when you leave your job and go elsewhere? Though you may have the option to keep your money where it is, many employees who leave their jobs prefer to move their savings as well. If you cash out your 401(k) and put it into a regular savings or brokerage account, however, you’ll lose out on the tax benefits of a 401(k) and face early-withdrawal penalties if you’re not yet 59-1/2.