Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
First of all, I thought I should start a new thread because the "other name for senior citizen" thread was getting a little bare, if you know what I mean.

When I retired from my government job I decided to withdraw the entire balance of my 401(k). Well, the mechanics of the plan required that I transfer all the assets from a self-directed brokerage account to one of the "standard" funds for withdrawal. Because of the timing of the withdrawal and the involvement of two third parties - the plan administrator and the brokerage firm - my "total" withdrawal left about $50.00 in the account. I requested a subsequent withdrawal to close out the account (I thought) and now the account has a balance of $.03. I'm tempted to request another withdrawal just to see how long this could go on. I guess the plan administrator hasn't had to cash out a self-directed brokerage account before. I wonder who'll end up with the money if I just let it go.

-drip
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.