WARNING 401(k) to Real Estate Investor holders
For those of you who have changed jobs, BEWARE of a check in the mail...it just might be your liquidated retirement savings.
Employers now have legal rights to cash out your account as long as they include a written explanation with your check.
Don't cash your check!! The taxes and penalties will wipe you out.
Instead, open up an IRA with another company or roll over the savings into your current employer's retirement account to avoid losing your savings.
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