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Joe wrote:
> Ok, I see that cashing out the 401k is very very bad. I will not cash > it out and become unfoolish? Right I am a fool now, cashing out would > make me unfoolish, or just a plain idiot.

Hey, Joe, I'd like to borrow your thread to ask a question of my own... I was laid off in May, with about $2500 in my 401(k). I decided to do a rollover IRA with it, instead of cashing out, but I stupidly ended up missing the deadline to do this by 15 minutes. (I didn't read the letter carefully, and I didn't realize that I had to do it by 3pm of a particular day.) Sooo... I have the check in my hot little hand.

A friend mentioned that there is a way to salvage this situation even now, by depositing that check in a rollover IRA account. I've never heard of such a thing. Where can I find out what my options are at this point?

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