Matty_lawn
Poopin' on the clock
I've got about 3k in it at the moment and am leaving next week. Does it just stay there or do I have any options to roll it over to a new 401k or ira?
What can I do with my 401k when I quit?
- Thread starter Matty_lawn
- Start date
No he can't leave it there. If it's less than 5k it will be distributed.
Matty_lawn
Poopin' on the clock
What's that mean?
It means you need to open an IRA to put it in or they will send you a check.
Matty_lawn
Poopin' on the clock
Not a problem
oldngray
nowhere special
I forgot about the 5k. Most people have more money in it.
He is part and hasn't been here that long.
Tom MacDonald
Max E. Pads
Quitting already? Just like 2 weeks ago you said you were here to stay. Put your name on the driver list then Man up, take glucosamine, drink protein shakes, get good sleep, and make book. After that, you're on your way to 100k a year.
What other opportunities do you have? Unless you plan on going to school and gaining some college debt.
Matty_lawn
Poopin' on the clock
Got a job with the state. Union contract, paid benefits like your beloved UPS, 15 sick days a year, 7-3 with overtime after 8 hours, pension, 2 weeks vacation after a year, and start making several dollars per hour more than a first year driver.
Tom MacDonald
Max E. Pads
That's all fine and dandy but what's the top rate
Matty_lawn
Poopin' on the clock
Not sure and I don't really care. Those hours are perfect and I have an 11 month old daughter who I wont see grow up if I go driving
Tom MacDonald
Max E. Pads
Well good luck to you. I don't have any kids so I don't care about that. I really do hope you do what's best for you and your family but just remember if it doesn't work out you'll have to start your seniority over.
Matty_lawn
Poopin' on the clock
Thanks man. It was a big decision to make since I own a landscaping company that I grew to a good size, but luckily I was able to sell off most of it and keep about 10 clients right down the road from my house
4evapreloader
Well-Known Member
If money isn't an issue with you at the moment, I agree with the others and say roll it into another IRA. Personally for me Fidelity is the best and they make it pretty simple. If you don't roll it over, it will be considered income AND you will pay a 10% penalty on the amount of the check when you do your taxes.
BSWALKS
Fugitive From Reality
Are you keeping your business going?
BSWALKS
Fugitive From Reality
More importantly.... Could this be Matty's last thread??
BSWALKS
Fugitive From Reality
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