(a) Your unemployment benefits depends on how your severance package is being paid out. If you get lump sum severance, then you are good shape for immediate benefits. But if your ex-company keeps you on payroll until the end of your severance period, then your unemployment benefits MAY not kick-in until you exhaust your severance.
(b) I don't think any (early) withdrawal from your 401(k) affects your unemployment benefits - because it is not "earned
income". Only earned income may affect your benefit.
(c) You may be getting the 401(k) match mixed up. Company "match" does not reduce your paycheck - it doesn't affect your paycheck. But be careful about the company match - don't plan for it unless you are sure it is already "vested". Company matches will show up in your 401(k) balance, but it MAY not be yours until vested. Most companies do not automatically vest the match when there is employment separation.
Yes. You can roll a previous employer's 401k balance into a new employer's 401k. You can also roll a previous employer's 401k balance into an individual retirement account (IRA) if you wish to maintain control over the investments.
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
You can rollover your 401k by applying for or opening a new 401k through your new employer. You don't have to do it though. Withdrawing from your 401k will result in penalties.
A 401k Plan generally is offered to employees by their employer. If you are self-employed, you may start a 401k or other retirement plan.
Yes. You can roll a previous employer's 401k balance into a new employer's 401k. You can also roll a previous employer's 401k balance into an individual retirement account (IRA) if you wish to maintain control over the investments.
You own your 401k so when you leave your employer you still own your 401k. You can either leave it where it is or you can move it to which ever company manages the 401k investments for your new employer. how do i git access to my 401k from this company so i can transfer or cash it in.
Your employer should have their records electronically stored. The 401K is usually with a separate company anyhow. You will need to find out who sponsors your 401k and their contact information. Your employer will have access to this.
She meant to say 401K (a retirement package).
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Any employee, regardless of the type of work he or she performs, is eligible for a 401k if the employer offers it. An employer is not required to offer a 401k, however. If an employer-sponsored plan (401k, 403b, SEP IRA, etc.) is not available, often individuals will contribute to a Traditional IRA or Roth IRA.
You can rollover your 401k by applying for or opening a new 401k through your new employer. You don't have to do it though. Withdrawing from your 401k will result in penalties.
You can invest in a 401k plan through your employer. Many companies offer 401k plans as part of their employee benefits package. You can allocate a portion of your salary to be deposited into the 401k plan and then choose from a selection of investment options that are offered by the plan.
A 401k Plan generally is offered to employees by their employer. If you are self-employed, you may start a 401k or other retirement plan.
Employers do not offer any type of IRA, they offer 401k plans. Many employers offer both traditional 401k plans and Roth 401k plans. You will need to check with your employer to see if they offer a Roth 401k option.
only if the current employer allows in-service withdrawals.
The Plan Administrator for your 401K can be any number of people. It could be the employer, an executive at the company or someone that was hired specifically for that job.