Rollover Ira Bank Of America
March 17th, 2010
Question: What to do with 401k?
I recently quit a job I worked at for about 9 months. I was investing in a 401k plan @ 10% and I saved up about $800. I just wanna know what should I do with it now. I bank with Bank of America. Should I roll over the 401k to my bank in a Rollover IRA or open a Roth IRA. Should I just forget it and cash it since its not much…what should I do? 23 yrs. old would like to really start investing somewhere.
Answer: cashing it would be pointless since you’d pay penalties for early withdrawl. you can roll it over, or you can leave it there…but you just have to remember that you still have that money there when it does come time to cash out
are you even vested?
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