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Financial Question and Answer
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Financial Category: Retirement Planning
Location: OK
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Posted: 11/11/2009 Approved: 11/30/2009
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Number of Replies: 2 Email Copy To: 
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Question:
I have about $19,000 in my 401k and I was laid off four months ago. The company I was working for might go out of business. A couple of people have told me I could lose my 401k if the company goes out of business and I should pull it out. The 401k is thru State Farm. I want to pull out about $4,000 after the first of the year and invest the rest in a retirement account with someone else. What should I do?
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Answers (click on a reply to view the answer)
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