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I was let go from a company i would like to get my 401-k?

Jan 25, 2012 by Bonny from Portage, MI in  |  Flag
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You should contact the Human Resources department of your former employer if you don't have any statements available. They can help point you in the right direction. If you do have statements, you can call the brokerage company to evaluate your options. In most cases, you will want to roll any plan balance into an IRA.

Comment   |  Flag   |  Jan 25, 2012 from Arvada, CO

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Barry Rabinowitz Level 19

Hi: if you are under 59 1/2 any amounts withdrawn are subject to 10% penalty and ord incom tax.If you dont need the monies: I would rec trustee to trustee transfer into an IRA. There would be no taxable event and you would have many more invest choices.

Comment   |  Flag   |  Jan 25, 2012 from Fort Lauderdale, FL

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