I am sure everyone is receiving the retirement plan payouts at the same time. Has anyone decided to take the payout and not have it rolled over? I am contemplating doing that but I have not decided if that is the wrong thing to do. I know you are penalized 10% for taking it out early. But, I have ten years to go before I could take it out otherwise and with inflation it will be worth less then. Any thoughts?
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It would be better to discuss this with your financial advisor than on an anonymous layoff board.