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    debrajohn

    I Would Like To Find Out About 401k Withdrawals.How To Get It?

    I lost my job about five years ago, and I paid in my 401k and I would like to know how to get it.

    asked 2 years ago

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    angelatx

    You can use the customer service phone # on your quarterly statement and call the company and inquire about a withdrawal.

    If you are not of retirement age you will owe taxes and penalties for early withdrawal. (usually totalling 30%). It may take about 2 weeks before you get a check. Also, if you don't need the entire amount you have accumulated, you might check into a 401K loan.

    There are usually no penalties for a loan. You could also apply for a hardship withdrawal if you are in a bind.

    answered 2 years ago   

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