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Tree-Hugging Member
Join Date: Oct 2006
Location: Northern California
Posts: 1,676
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1) Get a good financial advisor;
2) Make sure you transfer your 401K directly from your current employer to a designated retirement account. I think (but not certain) that it has to be an ordinary IRA account;
3) Do NOT let the check touch your hands. There are very strict requirements for roll-over accounts and if you don't meet them the penalties are unpleasant.
It can be done, but you should have the assistance of someone who really knows the ropes.
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Politicians should be compelled to wear uniforms like NASCAR drivers, so we could identify their owners.
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