I just got a packet from the compeny handling my 401k, since I no longer work for the place that it was for. I have to do something with the money. I don't know what to do. since ya'll are great about helping with guns little advice here would be great here too.
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inlines
Knight usak and 50 disc orginal
win apex 45cal
cva wolf
sidelocks
cva hawken 50cal and from parts 54cal
cva plainsman 50cal flintlock
stone mountain 50cal silver eagle
rimfire
Ruger 96/22lr, Mossberg 715t 22lr
CF
mosin nagant 91/30, and fig 9mm
contact a financial advisor and discuss with them your long range financial goals. Often times, check with your locak bank as they have financial advisiors that work for them. Let them suggest the best way to reinvest that money in a safe manner,so that you can have some kind of nest egg in the future. Believe me, when you retire, you will be very happy you invested wisely.
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"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, a total wreck, screaming Yahoo, with a big smile on your face."
If its enough so that tax willhurt then you might want to consider reinvesting in a retirement plan of some sort, at that point a trip to all of the local banks to see what is being offered might be indicated. Lee
sell your knight and tc. and then go buy yourself a beautyful TC Hawken.
gee, I wounder where I can find one of those right now. if I did go to sell them, I would be making money on the knight at least. I paid $135 for both of them
I got over a month to decide, if I don't they will be sending me the money -20% for fed tax. I am thinking of just pulling it and putting into my personal savings until I find a job then open a ira and do a 401k thought them but I do that I be having to do the 20% fed tax and about 10% for state tax
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inlines
Knight usak and 50 disc orginal
win apex 45cal
cva wolf
sidelocks
cva hawken 50cal and from parts 54cal
cva plainsman 50cal flintlock
stone mountain 50cal silver eagle
rimfire
Ruger 96/22lr, Mossberg 715t 22lr
CF
mosin nagant 91/30, and fig 9mm
if you re invest it correctly now, you do not loose the 20% which can add up to a lot of money... but its your money, do what you want with it.
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"Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, a total wreck, screaming Yahoo, with a big smile on your face."
Corey I went through this 2 times. Roll it over into a IRA. Get with a financil adviser an they can handle it for you. You have a certain time to do this off hand I dont remember how long but is enough to find someone. If ya cash it in you suffer a penalty and taxes off the top.
Corey, without a doubt - roll it over. An IRA is certainly one way to go, probably the best. Check your community services people and see if they have any kind of financial advisory services available. You might also check local community colleges for same.
At your age, you should be investing by dollar cost averagingin a "no load" mutual fund every month. Do your "older self" a big favor and type "no load mutual funds" in your google search engine and read, read, read. The years do go by.
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My wife says I'm totally nuts, but I think I'm Semisane.
Things I've Learned: (1) It's not possible to please everyone, but quite easy to piss everyone off. (2) If you love animals as I do, then you're not a vegetarian. (3) There's no need to act stupid, even if you're very good at it. (4) If you eat right and exercise, don't smoke or drink, you're going to die anyway.
little advice/ just got info on my 401k
