NO. Absolutely fully protected...
Generally a very bad idea. You will lose a significant portion of the 401K principal to taxes and penalities for early withdrawal. Also, you are eliminating all future income in retirement. Have you considered taking a loan from your 401K?
A 401K rollover is a fairly simple procedure. You will check with your former employer about the available options. Someone in HR can help you or refer you to the fund manager. There is some paperwork in which you will indicate to where the funds are to be rolled over. Check out this article for details: http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
Most 401k plans have penalties for early withdrawal.
Of course you can. You just lose all the tax benefits.
Your 401k account will get rolled over to your next employee if you lose your job.
NO. Absolutely fully protected...
I would assume that if you were deported you were not a legal citizen or you have committed a crime to be deported back to whatever country you come from unless you cash out your 401k.
Generally a very bad idea. You will lose a significant portion of the 401K principal to taxes and penalities for early withdrawal. Also, you are eliminating all future income in retirement. Have you considered taking a loan from your 401K?
A 401K rollover is a fairly simple procedure. You will check with your former employer about the available options. Someone in HR can help you or refer you to the fund manager. There is some paperwork in which you will indicate to where the funds are to be rolled over. Check out this article for details: http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
Most 401k plans have penalties for early withdrawal.
It depends on your circumstances. If you have cut ties with your employer, you have different rollover options. This article details those options and offers advice on how to determine which option is best: http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
There are usually ways to get money out of your 401K in certain situations. There are loans you can use in extreme situations as well.
Yes, but it is one of the absolute stupidest things financially you can do. By the end of th BK you will lose the 401k money, which is only protected while it is IN the 401k, and be left with the debt to the plan, which won't be discharged and will seize the money in the plan to be paid.
You should speak to the HR rep who has the information regarding your account, or ask to be referred to the fund manager for details. How much it costs to roll over the account depends on how much is in the account. These articles have helpful info: http://www.moolanomy.com/1828/401k-rollover-to-ira-what-is-it-and-how-does-it-work/ AND http://genxfinance.com/how-to-roll-over-your-401k-when-you-leave-or-lose-your-job-the-401k-rollover/
Money that you have put in a 401k is your money. If the company matched any portion then you typical will need to be employed to for a set amount of time to be vested, normally 7 years, in order to get the company matched portion. If you are no longer with the company then the custodial company for your 401k may charge you a service fee to maintain your account.
An ING 401k can only help you if you are familiar with general investing. If you don't know what you are doing, you can lose a lot of money, so you should be careful. You can consider a lower risk way of investing money.