It has been almost 2 years since I was let go from the firm. My financial advisor recommended to transfer the 401K as soon as the money becomes fully vested.
He has a concern that if the company goes bankrupt or gets bankrupted by the investors I could lose my 401k money still there.
Do anyone have any similar concerns? I really don't want to pull until fully vested. I have been hearing that the company is losing money and there hasn't been a turn back yet.
Thanks
Does it continue vesting after you leave? I thought that stopped on the date of separation.
Town hall showed big growth in 3rd quarter. Do you think that was a fluke? Is there really a realistic chance for bankruptcy ? I don’t see it. 3 year customer contracts is saying something though. Not in it for the long haul, maybe...
Companies cannot tap into the funds contributed to pension and 401k. There are ERISA rules on this.
Based on what I ready about dnb’s financial performance, the company is definitely losing a lot of money quickly. When I was still there, it looked like they need to take additional debt to find operations this year. So yes, it is concerning and there is definitely a possibility of bankruptcy
Hilariously, I left on my own in August...Yet I still get mail (the latest just yesterday!) about my 'benefits' particularly about my 401K that I closed out in October! Ahahaha!