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

    Dec 3, 2009, 10:55 AM
    How to cash out 401k
    What is the first thing I need to do to cash out of my 401k?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Dec 3, 2009, 01:25 PM

    First thing to do is: STOP & THINK! Make absolutely sure you have considered other options before you pull the trigger oin this, especially if the withdrawal is subject to the 10% early withdrawal penalty. If it is, you should consider other options such as a loan from your 401(k).

    After that - the second thing to do is call the plan administrator and ask how to go about making the withdrawal..
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