I got an e-mail last week telling me that my former Boss was dissolving the company’s retirement plan. I’ve been letting the money sit there, increasing and decreasing in value, for about eight years now. A couple of years ago it was worth pretty much nothing, but the last statement I received showed marked improvement. The way the old plan worked I really couldn’t access the cash very easily and there were stiff penalties for early withdrawal. I opted to leave it alone in the hope that it would grow.
Since I am no longer an employee with the company, my money has to be moved somewhere else. One option is into an IRA account that I have very easy access to. I can call them up and they will cut a check. Any time. I will have to pay taxes, but the penalties are almost nil.
M listened to the phone conversation with the financial planner. The account holds well over $10K at the moment.
He’s been all Sweetness and Light for the last three days, asking me what I plan to do with all that cash as I’ve never had that much in one place at one time in all my life (be sure to read that with a huge condescending accent.) Protestations of love and devotion are just flying out of his mouth. He even apologised for yelling at me this morning!*
The paperwork is on the way and I should have access to my cash within two weeks.
* It was about soap. He insists that he must use antibacterial soap. He’s out. I could give a shit. There is plenty of hand-made goat’s milk soap in the house, but he refuses to even try it.