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Life's Surprises

Moonlapse

Entry posted by Moonlapse

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At work today, my boss called a meeting of all the employees and surpised us with the news that the business was being shut down immediately. Apparently, the business had not been turning a profit for a while and it was time for him to cut the losses. Coincidentally, I had been half-heartedly job-seeking prior to this, with no result. Time to step up to the challenge, so I may be M.I.A. for a time as I find a new source of funding. :ph34r:

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Gaius Octavius

Don't forget Unemployment Insurance. You have been paying for it. And choose wisely with your 401k or whatever. Get it out of your former employer's hands - quick! Get IRS Publication 17 for info. If I remember correctly you must put it into a 'ROLLOVER IRA', and not a regular IRA. BUT DON'T TRUST MY MEMORY. Don't take a check or cash. Do a custodian transfer.

 

Check the IRS site for quick info or call them.

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Moonlapse

Sorry to hear about this, You would have thought that at least your Boss would have given you a warning long before hand. Good luck!

He's an ex-corporate executive...

 

Anyways, the other Triumviri remarked that these occasions can sometimes turn out to be fortunate, and it seems that this is indeed the case. :)

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