Can anyone who has been laid off or taken the package shed some light on what they plan to do with their 401k after their end date?
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Rolled mine over to a Traditional IRA at Vanguard so I could manage the funds myself.
Bought gold bars but then had trouble reselling at a profit
you still own your 401K account with Fidelity and it will still be listed under your name/account.
I went to Vegas and spent it all on one of those Star Trek one armed bandits. Damn you estate of Leonard Nimoy. If you hadn’t lent them his voice I’d be a richer Vulcan right now
55+ consider rule of 55 which would allow withdrawals without penalty if it remains in your company 401k. If you rollover, those same rules may not apply.
Rolled it into my IRA as soon as they stopped matching
This is not a company thing. This is a legal issue. You can roll it over or convert it to a traditional IRA. If you are under 55 I highly recommend not cashing it out.
Gambled it away
@OP Just a tip: if you are age 55+, you may want to look into the Rule of 55 before you rollover your 401(k)
From what I remember form a past experience, you should be able to roll it over into another account with no issues or fees.