Last year I got a new job that had a pension plan and optional 401k. My last 401k had to be closed and moved over to the new company. I moved it over but also took about $10K out to buy a new vehicle as I was in need. I cashed it and bought my vehicle outright because I didn’t want payments. It’s been about 6 months and I started receiving letters from my old 401k company.
They say that they have no record of the check ever being cashed and they are willing to resend a new check so they can finalize the closing of my old account. How often are mistakes like this made? I’m doing okay financially but if I weren’t I could see the temptation to try to get that extra money via a 2nd check
Edit: posted over to r/personalfinance as I wasn’t aware of it until now. Although if you have any advice I’d still welcome it.
Submitted January 18, 2019 at 04:28PM by throwandforget3458 http://bit.ly/2CzRwZE
