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    wackerguy's Avatar
    wackerguy Posts: 1, Reputation: 1
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    #1

    Nov 19, 2009, 11:40 AM
    Can I redeposit a earky 401k withdrawl?
    I received a check (minus the 20% withholding and 10% penalty) last week , I no longer have a requirement for this money; can I redeposit these funds and not be subject to the witholding and penalties? I realize that I may need to repay the full amount and wait to file my Income Tax to get the refund.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Nov 19, 2009, 12:38 PM

    Talk to your 401(k) plan administartor about this. It may be possible, but I bet you will have to repay the full amount back into your account - including the 30% that was withheld. Also, you probably have a limited time frame to do this - so don't delay.
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