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401k when your work closes how long do you have to wait to get your money?
Wiki User
∙ 14y ago
It normally takes your plan administrator 2-3 weeks to receive the notification on non-employment. They may require a specific wait period before a lump sum distribution is permitted. This information would be discussed in your Summary Plan Description.
Wiki User
∙ 14y ago
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I am 55 and have a 401k to reinvest since i quit working. where should i reinvest?
I would need to ask you some questions to give you a great answer but here is a good answer. At age 55 and either retired or very near retirement, preservation of capital is key. When will you need to start pulling the money out of the savings? You would be rolling your 401K into an IRA. I suggest at least one annuity. If you can wait 10 years for some of your money than 6% guaranteed for 10 years would come very close to doubling your money. In the meantime some other shorter IRA's might be wise if you need money sooner and those have guaranteed rates of 3-5 % depending on the duration of time.
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Transfer your money from qatar to pakistan is very much easier, you don’t need to wait for the long queues to end and no need to wait in front of the bags and all. Guf exchange offers the best Money Transferring services in Qatar to transfer your money safely from qatar to Pakistan.
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