Retirement Traps to Avoid Full Size Version Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content RE: Retirement How does your ideal retirement differ from reality, and what can we do to better align the two? Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.