I am not asking for advice, just help figuring out what my outcomes look like if I were to cash out, rollover.
I have an old 401k I am not contributing to and would like to have that money earn more tax free.
I know I would have to roll it into a new traditional ira first, but would it even be a smart move?
I don’t know how much it is, probably 10k or less I didn’t work there for more than 3 years so I also wouldn’t mind cashing out but it’s with Merrill lynch and I have no clue how to get a hold of a human that works there, all numbers lead to bots that need an account number which I don’t have access to.
Robinhood on the other hand could roll it over for me to then cash out after but I’d like to know all the tax implications before doing so.
To add information, I am 24 in MN and I have a different 401k with my current employer