Investing :: Brokerages :: Fidelity :: 401(k)

readme.md

Investing :: Brokerages :: Fidelity :: 401(k)

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• Finance :: Retirement :: 401(k)

401(k)

• 2 weeks from term date, funds can be released

4 options

• Keep as-is
  • No longer able to contribute
• New Job w/ 401(k)
  • Consolidate (merge) existing funds into new plan
• Rollover to IRA (10% penalty under 55)
  • No tax consequences
  • More tax flexibility
• Cash Out
  • 20% tax on the rollout
  • 10% penalty (assessed as yearly tax time)
  • 30% total

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