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all the advice is correct based on my experience. when I left J&J I rolled that 401K into a NML annuity. A friend left theirs at J&J but IIRC he had to roll it over after a few years. Get a pro's advice for sure, these rules have a habit of changing and yes the penalties are severe...ordinary income tax plus penalties can cost you your azz.
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big blue tricycle
stare down the darkness and watch it fade
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