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401k Distribution
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My husband Paul was permanently laid off from his job in December 2005, at the age of 60. He has approximately $130,000 in his 401(k) plan. He worked for the company for 20 years and is fully vested in the plan. I am his wife and am 51 years old. Neither of us is currently employed. For...
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My husband died in 2006, he had a 401k with me (spouse) as his benificiary. We have 2 young sons and I cashed out the 401k to use for the down payment of a primary residence. All of the paperwork has not been done, but I will get all of the papers in order during 2007. Is there a certain amount...
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I cashed out my 401K from my old job in June. The mandatory 20% ( federal taxes) was taken from the amount I received. I know I also need to pay state taxes, and the 10% early withdrawal fee. Do I just send the state a check ( how would I figure the amount ? ), or just wait until I fill out my...
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I had no choice but to take a hardship withdrawal from my 401K after being let go by my employer. It was a difficult time also having been displaced by a house fire and having to rebuild our home and pay for a portion of our alternate living expenses not covered by the insurance company. Being a... View more questions Search
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