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Topic	I'm thinking about cashing out my 401k from my old job
Sariana21 10/17/18 5:32:41 PM #13:	TheKentster posted... Sariana21 posted... No, no, no. Retirement money should stay in a retirement fund. If you can roll it over into your current 401(k), great, do that. If not, set up a self-directed IRA with a low-fee company such as Vanguard, Fidelity, or Charles Scwab and roll it into that. Cashing out a retirement fund will cause you to pay penalties and extra taxes. Just don't. You won't get anything close to $11,000 out of it. (You're better off leaving it alone and paying those management fees.) My one with my current job is already up nearly as high as this one. I'm still building for retirement. What does that have to do with what I said? --- ___ Sari, Mom to DS (07/04) and DD (01/08) <cite>Sariana21 posted [p:910699897] in I'm thinki... [t:77106668]...</cite> <quote><cite>TheKentster posted...</cite> <quote><cite>Sariana21 posted...</cite> <quote>No, no, no. Retirement money should stay in a retirement fund. If you can roll it over into your current 401(k), great, do that. If not, set up a self-directed IRA with a low-fee company such as Vanguard, Fidelity, or Charles Scwab and roll it into that. Cashing out a retirement fund will cause you to pay penalties and extra taxes. Just don't. You won't get anything close to $11,000 out of it. (You're better off leaving it alone and paying those management fees.)</quote> My one with my current job is already up nearly as high as this one. I'm still building for retirement.</quote> What does that have to do with what I said? --- ___ Sari, Mom to DS (07/04) and DD (01/08)</quote> ... Copied to Clipboard!
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