Yellow | Teamster401k

[mud]

Nor do I, I have to take this to a higher power I guess........

One of my favorite am radio programs is Money Talk. Bob Brinker's Land of Critical Mass : bobbrinker.com Marketimer © Moneytalk Bob Brinker

 

[Supermac]

Does anyone have the web address to the plan or the number to the plan any pm would be appreciated. thx

 

[Triplex]

Can someone explain to me, in laymans terms, why they will only let me take out 5,000 of my millions (J/K) out of this fund?
(Yes, I'm fully vested.)

Annieo, I believe if you're no longer employed by a participating employer in the plan then you can TRANSFER the plan funds into a rollover IRA. By doing a TRANSFER, there is no tax penalty as you never have the funds in your possession. If you WITHDRAW the funds, then there are tax and penalty consequences I believe. Your best bet (in my opinion anyway) is to do a transfer to your own rollover IRA and let the funds continue to grow tax deferred. You don't want to touch that money if at all possible since all the benefits are geared toward it being used for your retirement.