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    sheved's Avatar
    sheved Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 23, 2006, 08:59 AM
    Withdrawing off my 401k?
    First... I have 2 different 401ks. Should I roll these together before I withdraw or withdraw them separate? Second... how to I go about getting started? Is it paper work? If it is where to I get this paperwork? Anyone might be able to help... much appreciated. Thanks Steve
    RickJ's Avatar
    RickJ Posts: 7,762, Reputation: 864
    Uber Member
    		  
    #2

    May 23, 2006, 09:12 AM
    Yep, just paperwork... and no, the tax (and penalties if you're not yet ripe :p ) will net out to be the same whether they are separate or together.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    May 23, 2006, 10:06 AM
    I think we need some more info here. Are you of retirement age? Do you want to get the funds in a lump sum or are you looking to setup retirement income?

    Please give more info about your situation so we can give you the best advice.
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