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Can someone refer me to CITI ?
I need USB referrals
Join us for our first virtual panel on Wednesday May 20th at 5 PM EST, Navigating the Ad Industry When the Economy Sucks. Tom Christmann & Paul Fix, award-winning NYC ad creatives and co-deans at Adhouse, will be joining us and taking questions.
https://zoom.us/j/94553752267
More info and calendar links in comments.

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The partners flip a coin to decide who gets to take your pay packet for the year
You can also roll it over to an IRA. If you are going to another PA firm you may not be able to keep it at the old firm. Deloitte wouldn’t let me keep my BDO 401k .
I cashed out my retirement and am paying the penalty. Tax rates are down this year so it helps offset the penalty. Small price to pay to have my house paid off and get rid of my mortgage payment.
You can:
1. Leave it there and let it be until you retire.
2. Roll it into your new 401k - though there may be a few involved
3. Cash it out and pay taxes + 10% penalty (may be 20%)
Your best bet is to just leave it there “in case of emergency” - you could cash it out if you ever REALLY needed it.
Rolling into an IRA is the best way because then you can pick your investments and aren’t limited to the funds your employer allows you to select from.
Yes on your 401k plan selling your investments and sending a check to your IRA administrator, no on taxes. You're going from one qualified retirement plan straight into another, so you're never pulling the money out of a tax protected area.
If you would be in the same situation as KPMG2, do that. Otherwise, do what PWC1 said.
So what happens when I roll into an IRA? Are all my investments sold and the cash moved into an IRA? Doesn’t that incur taxes?
No, it’s more like rollover (no cashing out) you just get to choose how you want invest it, and I believe you can keep on contributing.