When I was a young idealist, finance was beneath me; now it’s merely beyond me.
I got a form letter from my late employer (a firm that essentially shut down in December), saying that my 401(a)(4) money is waiting for me to collect it. I can transfer it into “an eligible employer plan” (if I had an eligible employer!) or into my IRA, or take it as cash (with a 10% penalty because I’m not 59½ years old, as well as regular income tax). Neither option appeals much.
What I want is to buy a car. My One True Ex says one can borrow against a 401 (wish I’d known that a year ago!), but it appears I won’t have one much longer.