Jay Vivian: When you’re talking about leaving a company and your retirement savings that you have at that company in a 401(k) or a 403(b) is, make sure to put the money back into your retirement savings. Some people in the industry call people who take their money out — that they’re taking out an “RV distribution,” a recreational vehicle distribution. This is not a wise, this is not good retirement planning.
It’s tempting, especially if it’s not that big. You know, if it’s, you know, a quarter of your salary or a tenth of your salary. But don’t succumb to that temptation. Put it into the retirement savings like you know you should. It’s the right thing to do, and you really shouldn’t be touching it for your Winnebago.