I receieved a letter from an old employer telling me to figure out what to do with my esop that needs to be distributed. Its got about 26k in it. It says i have 3 choices. Move the money to an IRA, Roll the assets into another employers retirement plan, or cash it out and deal with state and federal taxes. So im trying to figure out what to do with it. I have a TSP that i put 10% in. And a brokerage cash account with webull that im up like 60% overall. I also have 10k in cc debt. Should i just cash it out to pay off the debt then put the rest in a roth ira with fidelity or somethin? Or roll it in to Tsp, if thats an option? Also, if tsp and ira has a limit to yearly contributions, how can i just roll 26k into either of those? Anyways, im an idiot with money and tryin to be better, but need some advice i guess. Thanks.
Posted by iron_ultron