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Jul. 6th, 2004 01:51 pmSo I got a big envelope from Fidelity Investments today... they're the people who were ultimately controlling my 401K plan from Mpath/HearMe. These things never contain anything that couldn't fit just as well in a regular business envelope... it's just to make the letter seem important.
Anyway, in it was a check for the amount of my 401K, minus federal and state tax deductions. The money was always available to me, but I was keeping it in the plan so that, whatever other financial screw-ups I engaged in, I'd still have this. But my hand has sort of been forced by the fact that the company which started the plan doesn't exist anymore, and in fact hasn't existed for years. I guess GameSpy, who bought the biggest hunks of Mpath, terminated it.
I have mixed feelings about it. If I roll it over into another 401K within sixty days, supposedly the amount taken out for taxes will be restored to some degree. On the other hand, I have certain, er, things I could use the money on now, and I'm not planning on growing old...
Any thoughts?
Anyway, in it was a check for the amount of my 401K, minus federal and state tax deductions. The money was always available to me, but I was keeping it in the plan so that, whatever other financial screw-ups I engaged in, I'd still have this. But my hand has sort of been forced by the fact that the company which started the plan doesn't exist anymore, and in fact hasn't existed for years. I guess GameSpy, who bought the biggest hunks of Mpath, terminated it.
I have mixed feelings about it. If I roll it over into another 401K within sixty days, supposedly the amount taken out for taxes will be restored to some degree. On the other hand, I have certain, er, things I could use the money on now, and I'm not planning on growing old...
Any thoughts?
