> continue this conversation with yourself

You are right - this is much like talking to a wall

Clearly, the implications were there. Again, whether you meant to or not.

Hence the downvotes.

I don’t think anyone here would disagree that you should spend all dollars thoughtfully. Clearly that isn’t what you communicated

Whether you meant to or not, you did

Ultimately I agree if that’s the point you’re trying to make. Although I still think it’s poor advice in this context

Edit: I guess I don’t agree given my second sentence.

It may be better on paper, but that fails to consider emotional components which are important. You say it never hurts, but it is clearly hurting OP

We disagree on a philosophical level. I don’t think its healthy or worthwhile to avoid consumption like the plague. You should enjoy life a little.

To each their own

You can spend thoughtfully and still enjoy yourself.

You should be looser with the money leftover after allocating a portion to specific savings goals. You have to live a little

Especially in the context of OP’s situation who is clearly depriving themselves of basic life experiences.

Your advice alludes to spending money only on basic necessities and nothing else, even if that isn’t what you meant

> a specific purpose

This leads to the paradoxical line of thinking i mentioned before

> an unanticipated need

Isn’t that what an emergency fund is for?

You imply hoarding. You can spend thoughtfully while still enjoying the money that isn’t delegated to a specific savings bucket.

This is just an endless paradox

Thinking this way, you will never spend money in anticipation of some hypothetical better opportunity down the line

Why would you hoard money with no purpose?

Its a tool, not a collectable

You should do that then

Okay, then i still do not understand what you’re saying

I don’t think you’re using the term rollover correctly

I would contact a fidelity rep for assistance so they can talk you through all the terms and implications

So you rolled over your old 401k to a new 401k plan at your new job?

Im going to be honest with you, what you’re saying doesn’t make any sense

What do you think rolling over has to do with your job closing?

Thats where you’re losing me

Are you planning to roll it over and then withdraw when your job closes?

Are you trying to withdraw or rollover?

Its worth asking your landlord if you’re both on the lease. He may be able to light a fire under him

But at the end of the day he is not obligated to give you any leway. You’re responsible for covering the full amount

Your new job has nothing to do with your old 401k

Yes, you will lose a proportionally significant amount in taxes and penalties

I’m not sure what you’re asking

Sounds like 401k balance is too low to be kept where it is now that your employment has been terminated.

If you do not roll those funds over into an IRA or 401k with your new employer by 5/8/2023, you will be issued a check for the balance and your account will be closed.

From there, you could deposit it into your bank and accept the taxes and penalties if that is what you wish

If you want the money sooner, you’ll have to fill out a distribution form with your brokerage and have the money withdrawn/direct deposited to your bank.

Again, a rep from the brokerage can answer all of these questions

It depends on if your employer was contributing and, if so, whether or not that money was vested before you left

If they won’t answer, then I’d reach out to the help desk at brokerage where your 401k is

Is your 401k through your new job or old job?

Yes you do

Ask HR

OP, you should talk to your plan administrator.

Based on your questions and comments, I don’t think you should navigate this on your own. Talking to a real person close to the situation would be worthwhile

Thats why its asking for an IRA account number. You told them you were rolling it into an IRA

First option

Its asking for an IRA account number because you selected the second option

Thats what they’d effectively be doing if theyre all co signing lol