On 2/19/2015 6:07 AM, Julie Bove wrote:
> I didn't *think* that what I had was a 401K. I even asked about it when
> I retired. I was told that I didn't have to roll the money over so I
> spent it on furniture and appliances when we moved to Cape Cod. But
> when I filed my taxes, I learned that it was! I was penalized, and
> ****ed. I called the people in charge and they told me that they had
> changed the plan at some point.

401k's have been around for a long time. What you apparently had was
not a Roth (taxes prepaid) IRA, but a traditional one. You can't just
cash out without paying taxes on the money.

Jill