Hi everyone,
Back in 2019, I had an employer who had a simple IRA program that I decided to partake in. Didn't invest a lot of money into it. I have since left that job. I looked at a past statement and noticed -$85.00 in "Fees" leaving me with close to a -$40.00 ending balance/account value. I was looking to maybe have the money transferred into a new retirement plan as part of my current job. I believe I received paperwork from the wealth management company asking me to fill out the forms for withdraw.
I can't get in contact with the company today, but is this just a case of waiting too long to do something with the money in the account? Will I be penalized for that negative balance? And should I have to worry about this when it comes to filing my taxes? Thank you! Definitely was/am still new to retirement accounts and would appreciate any feedback.
Submitted February 14, 2021 at 09:42AM by ThicccViccc https://ift.tt/3b6mFVP
