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Can you close your 401k?

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can you close out your 401k and still receive unemployment benefits
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What does 401k stand for?

The K is the section of the IRS code that it is derived from. Here is some more info: The 401(k) plan is a type of retirement plan available in the United States. Named afte

Are 401k insured?

It is important to remember that a 401k is not an investment. It is an account that contains a particular investment. So, the answer to this question depends on the investme

Where to rollover an 401K?

Hard to say for there are a lot of brokerage firms/banks you can roll the money over to. May depend on what kind of asset you want to invest that money in...stock then broker

What happens to your 401K when you leave your employer?

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 invest

Can you roll a previous employer's 401K into a new employers 401K?

  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 accou

Can you lose a 401k?

  Yes, You can lose Money in a 401k

Convert 401k to roth 401k?

Not sure what you are asking, but generally you cannot simply convert your 401k to a Roth 401k, unless this is something your current company offers. If it is offered, then y

Is my 401k and IRA protected from foreclosure?

If by "foreclosure" you mean that the mortgage lender is taking your home back, yes they are prtected. However, if you really mean BANKRUPTCY, no, they are NOT protected, sinc

Why is it called a 401k?

The title "401(k)" references a section of the Internal Revenue Code.

How do you rollover a 401k into an IRA if there is a loan against the 401k?

  Answer   I had a client in the same situation.  (I assume you are the person who took out the loan on your own 401(k) )   When the rollover took place, the am

Can you cash out your 401K?

You can cash out your 401k, but you could possibly face severe tax  implications. When you cash out a 401k plan, you usually pay  ordinary income tax on the amount, plus a 1

What is a 401k plan?

A 401(k) plan is a "savings" plan that allows an employee to put aside money from his paycheck before any taxes are calculated on it. In other words, there are no federal or s

How many 401k can you have?

  Answer   There is no limit as to how many 401ks one is entitled to. However, if you participate in one through your current employer, you will most likely only be e

Is a 401k an asset?

No, In financial accounting, assets are economic resources owned by business or company. A 401 is personal money account, so it does not fall under the definition.

How can you fine your 401k?

i worked at pat inc in 1998 to 2002 in they can't fine my 401k plan. how can i fine it