Speaking with civic clubs, church groups, various organizations and sometimes schools is not unusual for the writer. Included in those sojourns have been talks at classes at the law school, college, high school and elementary school levels. Most of these have been enjoyable, with some more challenging than others. One of the more memorable — and challenging — occasions was when I spoke to a group during the Christmas season.
There are some officials, fortunately not here, who do not see the preventable and controllable plague in front of us. One might recall how the Pharaoh in Egypt was warned of plagues, yet he kept refusing to yield or bend or learn. Ignoring the horrific phenomenon of domestic violence is no different. This is an unpleasant topic perhaps, but so is death; so is disease; so is poverty; so is crime. Domestic violence incorporates elements of some or all of these “bad news” topics.
When you leave a job — whether due to layoff or for any reason — you are often faced with a decision about your 401(k) or other retirement plans. Over time, you may be in the same position as many other employees who have accumulated substantial balances in these employer plans that are designed for tax-advantaged retirement savings.
If so, you may find yourself having to make a decision about whether to keep your 401(k) funds with your former employer, roll them over to an IRA, or pay the taxes and cash out.