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-   Retirement (https://www.askmehelpdesk.com/forumdisplay.php?f=281)
-   -   Getting 401(k) (https://www.askmehelpdesk.com/showthread.php?t=682776)

  • Jul 14, 2012, 12:13 PM
    tipilautoa
    Getting 401(k)
    No I don't work for company.I got fired and I need my money to pay my bills.
  • Jul 14, 2012, 05:18 PM
    ScottGem
    First its not a good idea to piggyback your question on another thread. This can lead to confusion. So I've moved your question to its own thread.

    If you want your 401(k) balance talk to the plan admins. You will take a big hit in taxes and penalties. So this should be a last resort.
  • Jul 16, 2012, 06:49 AM
    ebaines
    FYI, if you are "separated from service" from your employer at age 55 or later you won't owe the 10% early withdrawal penalty. But regardless you will have to pay federal as well as state/local income tax on any withdrawal (if applicable where you live)

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