Ask Experts Questions for FREE Help !
Ask
    veera_raog's Avatar
    veera_raog Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 15, 2011, 11:26 AM
    401K early withdrawl
    Hi
    I am in US from Sep 2008 to till 13th May 2010. I came back to India and would like to withdraw my 401K now. Presently I am in India and would like to know, what form need to be filled in and submit to my provider?

    Thanks
    Veera
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Mar 15, 2011, 12:03 PM

    Talk to your 401(k) plan administrator on how to process your request. You will of course have to pay US income taxes on the withdrawal, plus the 10% early withdrawal penalty.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Early 401K withdrawal [ 4 Answers ]

Hello! I have a somewhat complex situation, and I am looking for the best path to proceed from a Tax perspective. I am 30yo, currently employed in the US.. and am looking to leave my job, and move to the UK (I have dual US and Irish Citizenship). My income is approximately $120K per year...

Early 401k withdrawal [ 5 Answers ]

I withdrew my 401k earlier this yr to pay off all my debt since I was in between jobs. I had two withdrawals on which, instead of paying 20%, I voluntarily paid 30%. Will this make much of a difference when I have to do my taxes for this yr regarding the penalty I pay? I am single, and income of...

401k early withdrawal [ 1 Answers ]

After penalty's and taxes how much money would I have left over from $60,000 from my early 401K retirement withdrawl?

401K early withdrawal [ 8 Answers ]

I am in debt and must get a new job to stay out of major problems to tap the 401k account. I have a healthy 401k at $112,000 and can't take a loan from it. Talked to the plan administrator alread. They only loan money I can take on my plan is what I put in individually which at this point is...

401K early withdrawal [ 4 Answers ]

I am in a 401K plan at my work and have been advised our company does not have it where you can get a loan. I need to make withdrawl funds from my 401k to handle some legal fees for a custody battle. Can I just and pay a penalty?


View more questions Search