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I'm getting laid off. Should I roll my 401(k) into an IRA?

Por: MarketWatch Business November 04, 2023

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Dear Sam, Sorry to hear about the job loss. Your HR person is correct that most workers do not have to do anything with their 401(k) after leaving. If they have a vested balance over $5,000 ($7,000 starting in 2024), they can leave those funds where they are. We find that most people that are laid off, want to get their money out of the 401(k) due to some degree of anger. However, there are several factors that can make leaving the money in the... + full article



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