Submitted by OverCastle28 t3_10q9r1m in personalfinance
PM_Georgia_Okeefe t1_j6oubok wrote
Reply to comment by OverCastle28 in What is my IRA account number? by OverCastle28
The 401K is yours. You can roll it into another 401K with a new employer or into a personally managed IRA.
Just realize that if you cash it out there is an automatic 10% penalty and then it will be subject to income tax next year.
OverCastle28 OP t1_j6ouoeh wrote
So should I do personally managed IRA then? We’re not closing by March
PM_Georgia_Okeefe t1_j6ouywy wrote
It's up to you. If you think you'll have a new job in the next few months, you can just wait and roll over.
OverCastle28 OP t1_j6ov4vs wrote
I don’t think I will tbh. We’re not closing until April and I’d honeslty like to take some time off cause of my back
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