need to take my money out of my 401k plan,what steps do i need to take.

RickJ

It's quite simple; just contact the administrator and tell them. They'll send or fax you the forms to fill out. Of course remember that you'll pay a 10% penalty and tax on it.

ScottGem

Check if yout 401K has a loan provision, most do. This is a MUCH better option than withdrawing. With a withdrawal, you will have to pay taxes on the amount withdrawn and a 10% penalty. With a loan, you have to make periodic payments but the entire amount, including interest, goes back to yoiur account. Essentially you are borrowing from yourself and paying yourself back with interest.

Talk to the plan administrator, tyhey are usually in your HR or Benefits depts.

RickJ

Good addition, Scott.

fparra, definately get with your administrator to explain your options to you. Regardless of which avenue you take, the administrator is who will be able to walk you through the process(es).