PRAP During Furlough
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Joined APC: Mar 2018
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Also, to this point, once recalled you can reverse-roll an IRA into the company 401k.
I’d just add too that when you start a rollover your money will be out of the market for a time. Sometimes 1 - 3 weeks. That may be something to consider in a high volatility time, but I understand the strategic reasons why rolling over may benefit some.
Also, just my feeling on this.. I would be doing some massive downsizing and budget cutting before ever even thinking about any 401k loans or distributions. 401ks and IRAs are the only tax advantaged retirement vehicles us average Joe’s will ever get. Tread lightly on early use of it.
I’d just add too that when you start a rollover your money will be out of the market for a time. Sometimes 1 - 3 weeks. That may be something to consider in a high volatility time, but I understand the strategic reasons why rolling over may benefit some.
Also, just my feeling on this.. I would be doing some massive downsizing and budget cutting before ever even thinking about any 401k loans or distributions. 401ks and IRAs are the only tax advantaged retirement vehicles us average Joe’s will ever get. Tread lightly on early use of it.
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