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Message
re: Leaving a Company
Posted on 4/14/14 at 9:43 pm to ZereauxSum
Posted on 4/14/14 at 9:43 pm to ZereauxSum
Absolutely use this as an opportunity to open a traditional IRA.
I did something similar and have a traditional, Roth, and 401K.
I never run out of somewhere to put retirement funds.
I did something similar and have a traditional, Roth, and 401K.
I never run out of somewhere to put retirement funds.
1
Posted on 4/14/14 at 10:10 pm to Tiger4Ever
This^
Open a traditional IRA at a Merrill, Lynch-ish brokerage house. The right one will be thrilled to see you at 26. Ask around, it doesn't have to be local. You have to have the funds from your present 401k go directly from the present fund's administrator to the new IRA or the IRS deems it as taxable income for 2014, and you do not want that to happen.
Consult a tax or investment professional, glad to hear you are on the right track as to solvency. Ditto on the giving two weeks' notice, not burning any bridges advice. And good luck at your new employ.
Open a traditional IRA at a Merrill, Lynch-ish brokerage house. The right one will be thrilled to see you at 26. Ask around, it doesn't have to be local. You have to have the funds from your present 401k go directly from the present fund's administrator to the new IRA or the IRS deems it as taxable income for 2014, and you do not want that to happen.
Consult a tax or investment professional, glad to hear you are on the right track as to solvency. Ditto on the giving two weeks' notice, not burning any bridges advice. And good luck at your new employ.
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