#401K #Secure2.0Act #yahoofinance
Yahoo Finance’s Kerry Hannon joins the Live show to discuss the latest surrounding the Secure 2.0 act and how retirees can cash out of retirement funds early.
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👆 – NЕW А DАТING FОR АLL ТАSТЕS & АGЕS 😍😍j🥰
I was about to do this because my old employer will charge me a 35% roll over fee into my new 401k, so might as well bight the bullet sence they are charging me 1% a year for not working for them so yaaaa cashing out is a the only option if theres such a massive fee.
Bull crap! 35%? I think your misinformed
Still changing nothing? Explain the $100 cash out. But like for like should not be taxed, or did I miss what you said?
might be cashing out to pay the bills.
Don’t listen to this. Take the money if you need it; invest in yourself, use the money to get new skills or start a business. When you are young, is when you have time and opportunity. This a ploy for major hedge funds to use your dollars against you.
If you can withdraw the money with minimum to no penalties because you were let go, think twice before you “roll it over” cause once you do. You don’t control the terms of the 401k which could be set by your new employer. Think about it, your new employer can govern the money you made before you joined that company.
I’m not saying this is bad advice but; think twice. If you aren’t sure about your career track, your just moving on to a higher paying opportunity than this is not optimal advice.
“Trust because you are willing to accept the risk, not because it’s safe or certain.” –Anonymous