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OverCastle28 OP t1_j6p771i wrote

Reply to comment by manwnomelanin in What is my IRA account number? by OverCastle28

I was going to withdraw/cash out since I need the money but now everyone is saying it’s not worth it. I’m gonna have to roll over it since my job is closing in a couple months

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manwnomelanin t1_j6p7iqe wrote

Are you planning to roll it over and then withdraw when your job closes?

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OverCastle28 OP t1_j6p7t02 wrote

Is that possible? I have to ask my boss if they’re even doing 401K cause they took over in late December

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manwnomelanin t1_j6p82p8 wrote

Im going to be honest with you, what you’re saying doesn’t make any sense

What do you think rolling over has to do with your job closing?

Thats where you’re losing me

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OverCastle28 OP t1_j6p8b04 wrote

The job I’m at right now is going to be closing within a couple months. I don’t know if I should even have it rolled over to this because of that

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manwnomelanin t1_j6p9j62 wrote

So you rolled over your old 401k to a new 401k plan at your new job?

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OverCastle28 OP t1_j6pclr7 wrote

No, we don’t even have a 401K at the new one

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manwnomelanin t1_j6pdbi4 wrote

Okay, then i still do not understand what you’re saying

I don’t think you’re using the term rollover correctly

I would contact a fidelity rep for assistance so they can talk you through all the terms and implications

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OverCastle28 OP t1_j6p8iph wrote

But idk, honestly I’ll probably just have it rolled over and take it out when we close

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