TopHot
Recently laid off, employer is forcing 401k disbursement. What should I do with it?
Recently laid off, employer is forcing 401k disbursement. What should I do with it? HR changed their prior policies, informing me that my 401k will be distributed within a few weeks. Before, it could be left alone, but they said it's not allowed to sit there anymore. I have $1.3M in my account. I'm over 55, so I wouldn't have to pay a 10% penalty to cash out, but I don't know what the best long-term strategy is. Some background...
Category:
