Yes you can, but it must be paid back before leave company or you will be taxed and also be assessed a 10% federal tax penalty for early withdrawal. Assuming you borrowed before attaining age 59-1/2
Yes, You can lose Money in a 401k
A 401k is money in an account that has been contributed by you and established by your employer. When you leave that job, you can move the money to a new account which is called a 401k rollover.
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
m 401k contribution in 2014
what age do you have to be to get money from your 403b or 401k
Yes, You can lose Money in a 401k
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.
A 401k is money in an account that has been contributed by you and established by your employer. When you leave that job, you can move the money to a new account which is called a 401k rollover.
The 401k is not taxed but the Roth 401k will be best in the long run as the money you get out wont be taxed then.
m 401k contribution in 2014
what age do you have to be to get money from your 403b or 401k
401K retirement plans are meant to accumulate money throughout the years by interest free deposits. You can withdraw money from your 401K fund if needed, however, their is usually a large penalty fee.
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.
no
i need to know about my 401k
yes