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Who here understand about stock trading?

36 Posts
8 Users
6 Likes
3,573 Views
charliesafehouse avatar
(@charlie)
Posts: 1316
Noble Member
Topic starter
 

@olive-juice

It says they do offer 401k. If I quit my job, will my 401k just disappear?

 

 
Posted : 19/02/2020 8:20 am
Olive Juice
(@olive-juice)
Posts: 91
Member
 

@charliesafehouse

No.  There are several actions you can take if quitting your job is in the foreseeable future.

1. Leave it there and let it continue to grow even though you can or cannot contribute to it anymore.  This depends on your employer.

1. Roll over to an IRA account.  This is the best method because it allows you to continue contributing.  Your money will grow more and faster.  You just have to make sure your 401(K) provider transfers the funds to your IRA account and not sending a check to you.

3. Cash it out.  I don't recommend this method since you'll have to pay a penalty fee and won't receive your money in full.

Whether you invest in stocks or not, having a 401(K) account is highly recommended.  This would be your retirement funds.  

 

 
Posted : 19/02/2020 6:42 pm
jason
(@jason)
Posts: 813
Prominent Member
 

 are you guys planning to share sensitive information

 
Posted : 20/02/2020 12:22 am
charliesafehouse avatar
(@charlie)
Posts: 1316
Noble Member
Topic starter
 

@olive-juice

Your crop, meaning you cultivate marijuana?

 

 
Posted : 21/02/2020 6:22 am
josh avatar
(@zexsypmp23)
Posts: 4380
Member Registered
 

the only stock trader here is 

me, kzz, Charlie, olive juice, ravs. 

 
Posted : 07/07/2020 3:18 am
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