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The Water Cooler
General Discussion
New job, rollover vs cashing out?
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<blockquote data-quote="DanB" data-source="post: 1473714" data-attributes="member: 237"><p>I don't have a crystal ball but you might. 14k in a 401K rolled into a Roth IRA will be much much more in 30 years. That and you don't know if you will be downsized in a budget crisis next year. </p><p></p><p>You won't know where your 14k went after the Fed and State take care of it. Roll it over and contribute $50 a month if you want. Don't make a stupid decision now. Keep your retirement account seperate. Continue to build it up. Who knows when you retire you might have just enough in the IRA to fund a business venture you started working on 5 years from now.</p><p></p><p>Your money, your decision. Just don't ignore sound advice.</p></blockquote><p></p>
[QUOTE="DanB, post: 1473714, member: 237"] I don't have a crystal ball but you might. 14k in a 401K rolled into a Roth IRA will be much much more in 30 years. That and you don't know if you will be downsized in a budget crisis next year. You won't know where your 14k went after the Fed and State take care of it. Roll it over and contribute $50 a month if you want. Don't make a stupid decision now. Keep your retirement account seperate. Continue to build it up. Who knows when you retire you might have just enough in the IRA to fund a business venture you started working on 5 years from now. Your money, your decision. Just don't ignore sound advice. [/QUOTE]
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