He either:
a. still loves her
or
b. didn't realize she is still on is 401k plan
I would say that there is more of a connection than you realize. A child?
If you are still employed by the company that sponsors your 401k plan then you will not be eligible to cash out of the plan. Instead, you can see if your plan offers either a 401k plan loan, or a 401k plan hardship withdrawal (not all 401k plans allow hardship withdrawals so you need to ask your plan administrator if your plan has this feature.)If you are no longer employed by the company that sponsors your 401k plan, then you are eligible to get your money out of your 401k plan. You can cash out of the plan, or rollover your 401k plan balance to an IRA. If you choose to rollover your 401k plan instead of cashing out, then you will not have to pay taxes or penalty taxes: rollovers to IRAs are not taxable transactions if you do them the right way.
Most employers offer a 401K plan but you can also research banks that offer a good 401k 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.
a 401k plan is an life time money dealing plan you should have after you quit your job
A 401k is a employer sponsored retirement plan for small and large companies. You can visit sites like Fidelity.com to apply for a 401k account.
If you had just quit your job and had invested in a 401k plan with them, you can leave your 401k in the account because finding another investment would leave you in a peril situation.
A 401k plan is some sort of savings program and it involves forms. You must fill out these forms in order to apply for a 401k plan. It is a government program.
Yes. If you're unemployed and otherwise eligible for unemployment payments, a rollover of 401k assets does not change that.
Most 401k plans offer for a "Disability Withdrawal" while you are still considered an active employee. You would want to call your plan information line, see if a withdrawl of that type is availiable, and follow their procedures from there.
Try this website:http://www.fundadvice.com/401k-help/401k-plans/401k-safeway.html
No, you cannot. You cannot transfer a 401k balance from your current employer to any other plan. Obviously, you can discontinue participation in the 401k and make contributions to a new or existing IRA in your name. But you cannot transfer the balance elsewhere. Unless however you are over the age of 59 1/2, in wich you would have access to the balance in your 401k plan, and would be eligible to roll it over.