I'm very new to stuff like this and have been trying to do research but don't know where to start or what info to trust...
I (27/WA state) just got terminated from my job last week and have accumulated about $11k in my 401k through that employer with Fidelity. My problem is that I'm not sure what to do with the money/account? Should I roll it over to an IRA? I know I won't be getting a job that will contribute to a 401k plan in at least the next 6 months, so idk if it's a good idea to leave the account as-is and just not move it or contribute..?
My job paid pretty well, so I'm going to be struggling financially very hard until I can get two stable jobs (likely outcome and working on it) or find just one job that pays more than my previous role (very unlikely), so contributing to the account on my own is not going to be happening any time soon. I honestly just want to take the whole thing out, but I know there are lots of penalties to doing that.
Submitted January 19, 2023 at 11:58PM by Typical-Bottom https://ift.tt/QyDAWRr
