Anyone ever cash out a pension if left a job? Do you get a percentage ?

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They still give out pensions? All I got was a lousy 401k rollover.

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Rare*

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I've never been at a company with a pension plan, just a 401K. I've had to cash out two 401K/IRAs due to layoffs, and used most of that to cover living expenses until I landed another position.

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Can’t say that I’ve seen a pension anywhere either, if it is anything like a 401k, usually you’ll get a fraction of it and a lot will go to an early withdrawal penalty. But with anything like that, read that fine print and figure out what makes the most sense for you.

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Always the fine print ! They get ya!

If worked long enough, to have experienced both, currently at a job with a pension...but never withdraw, always rollover. The taxes are ridiculous.

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How much are you contributing to your 401k?

Cash is also an investment position.

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