PHP/Integrity

If you know someone that works for Spirit Airlines give this information because more than 17,000 Spirit families got the call. The employer is gone. The plan is going with it. You’ve got a window to act, and the financial industry knows it.

Here’s what nobody’s telling you. The RIGHT move depends on your age.

Anybody pitching you the same answer regardless of age isn’t doing the math.

If you’re under 55:

❌ You cash it out - you pay 10% early withdrawal penalty (pre 59.5 yrs old) + full taxation torches what you built

❌ Don’t roll into the next employer’s 401(k) on autopilot - same tax trap, new landlord

✅ Direct rollover into an IRA — no tax, no penalty, and control opens up. Traditional, self-directed (real estate, private businesses, metals), Roth IRA conversion path. Your menu, not theirs. Hello!

✅ Then build NEW wealth tax-free going forward with the next paycheck. Foundation first.

If you’re 55+:

There’s a more advanced play I won’t unpack publicly because it’s age-and-situation specific … and the wrong person executing it the wrong way creates a tax bill they can’t undo.
Remember - when you’re in the worst of times, you’re actually in the best of times.