job hoppers: do you worry about your 401k?

  1. I guess I am what you would consider a job hopper. Since becoming a nurse 8 years ago I had probably about 8 jobs. some consecutively per diem/ full time. In this time I also started 2 jobs that I knew right away weren't going to be a good fit so I left during orientation/ probation. In the meantime I got my BSN and MSN in nursing education and am currently working as a nursing supervisor on 11-7. All these jobs I never really had any 401K because I either worked per diem, was ineligible or left before being eligible for contributions. I have basically only likea year of 401k from one job. This job is the second one, I can tell you I am not planning on staying here a long time. I took the job because we moved to this area and I needed a job but honestly I am sick of starting a hospital wide orientation anywhere else since ive done it sooo many times

    for those who also job hopped, what did you do about your 401k? did you pay your own? or maybe not worry about it at all ?
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  2. 2 Comments

  3. by   llg
    I was never a job hopper" ... but during the first 15 years of my career, I did have several different jobs. I contributed to the retirement plan in each job and rolled over those little retirement accounts into one account once I got settled. That little roll-over IRA I established with the little bits and pieces of retirement accounts from when I was in my 20's and early 30's started out as about $35K. I haven't touched in in the last 30 years and it is now worth about $250K just from the interest it has earned.

    It's never too early to start saving for retirement and if you are not eligible for the retirement accounts at your place of employment, you can start a personal IRA and contribute to that.

    Now that I am starting to think seriously about retiring in the next 5 years, I am glad I started saving when I was young (still in my 20's). I have plenty of money in my retirements and am able to retire any time I want to now.
  4. by   Koalified
    I have had 5 jobs in 7 years of nursing. Each job that I was able to contribute, I did. Unfortunately most hospitals have a 3 year vesting rule for matching so I have always lost out on the matching portion. It was sad. If I were in your shoes where 401k or 403b were not available to me, I would contribute max to an IRA. Another idea is to get a job with a large hospital system so that even if you switch hospitals, you don't lose out on your job sponsored retirement account as long as you stay within the system.

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