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    Reggie P's Avatar
    Reggie P Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 15, 2009, 04:43 AM
    401 K withdrawl
    Was laid off 2 months ago 3/13/09 and submitted withdrawl papers with my old employer on 3/18/09 since then my paper work has not been submitted to , I have called my old employer and several times with no results soon I'm going to be on the street what can I do to get my old employer to do their part?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    May 15, 2009, 05:50 AM

    First, I would not recommend a withdrawal. I would rollover the amount into an IRA.

    Second, how long a distribution takes depends on the plan and when the assets are valued. Have you talked to the plan admins?
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