Thread regarding Honeywell International Inc. layoffs

59 1/2 triger point.

You may or may not know but at 59 1/2 You can take an "in service distribution" from the stock plan. Which means you can roll your funds out into an IRA and get you money out of Honeywell control.

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| 1595 views | | 2 replies (last February 26, 2018) | Reply
Post ID: @OP+RVYnKLx

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I recommend reading the 401K Summary Plan Description carefully. Looking at my records, I did a direct rollover of a portion of the company match portion of my 401K to an IRA at Vanguard. At the time, I was age 53.

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Post ID: @bit+RVYnKLx

Thanks. Also got notice they are moving 401k plan in USA off of Voya to I think Fidelity. Probably giving Honeywell a big fee kickback. Read what they provided but couldn't find specifics on the fees other than the per fund expenses. Once again I am sure the Big Print Text giveth and the small text taketh away. Just like the increase in match. Big font we are increasing the match. Have to did through all the materials to find you don't get your match until 2019 Andy if you get RIFd you don't get any match. Sorry, but this enough for me. The job hunt officially goes into high gear today

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Post ID: @cpm+RVYnKLx

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