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Before you leave you're job, arrange to have an IRA account opened. You can do this at any bank or brokerage firm. They will assist you, they will love to have you're money. Once you decide where you will open an IRA, then when you leave you're current employer, go to the Personnel Department and ask for a 401(k) distribution form. Have the check made payable diectly to the firm where you will be opening up the IRA. Lets say you open an IRA with Small Bank USA. The check will read something like this....
"Pay to the order of "Small Bank USA"
FBO John Smith (Your Name)
FBO stands for For Benefit Of.
If the check is made directly to you, taxes will be withheld. To avoid this, make the check payable to the bank or brokerage where your ira will be. Any more questions, please e-mail me at
Good Luck!!!! Hope this helps!!!
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