So just gave my two weeks at my job. I’m a college student. In two weeks I should receive my 401k check (around 2500). Obviously I’d love to cash it but seeing advice here I won’t. I’m fully vested so that’s good. I was wondering where you guys think I Should move my money and what to buy.
The reason why I’m quitting is I’m heading into my last two years so I need to work less and focus on school. On my new job I’ll barely make meet’s end so I won’t contribute until I graduate. I’m gonna be working minimum hours to survive, so can’t open account at a place that requires me to keep contributing.
Also something that might be relevant: like 100 of it is on traditional and the rest is Roth. This is because when I opened account on the side I noticed I was automatically enrolled in traditional. Should I just take the 100 to avoid complications? I don’t wanna open two brokerage accounts. Can I just pay taxes on that and make it all Roth?
Thx guys
Any advice is appreciated
Submitted December 30, 2017 at 11:56AM by johnlavolpe http://ift.tt/2BVbwo3
