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Subject:  Re: 401k distribution fee Date:  2/24/2021  2:40 PM
Author:  DolonAltekar Number:  101448 of 102724

I don't know if that's normal or not. I don't think my plan has any such fees. We are with Fidelity.

In general though I recommend rolling over to an IRA when you leave a job. There may be some reasons with keeping the money in there if you leave after you turn 55 you can take distributions penalty free instead of having to wait until 59.5 like with an IRA. It's called the "rule of 55"

But other than that I think rolling into an IRA is superior. You gain flexibility with what you can invest in over what the plan offers.

Curious, who is your plan with if you don't mind sharing?
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