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You can cash in your 401K plan upon retirement or after a penalty before your retirement age.
You can talk about your 401k retirement plan to people that know about retirement or companies that deal with retirement. Basically it is best to talk to people that deal with retirement.
401k
A 401k plan is a retirement plan. Unlike a savings account you can withdraw money instantly but for a retirement plan you cannot touch that money till you reach the recommended retirement age.
A good tax consequence of a 401k retirement plan is that you can literally save money as the funds that are ususally tax-free. If you withdraw from your 401k plan, there is usually a large penalty.
Nationwide insurance has a page that does have some info on this. I'd suggest you start your reading there. WSJ.com has a guide on them and they might be very useful for you!
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.
Fidelity Net Benefits is a 401k retirement plan company that also offers workplace savings tips and financial advice in order to get the most out of your retirement savings plan.
wells fargo
Many banks will offer information on this type of retirement plan, as well as offer an employee's advice. Nationwide offers this right on their website, as do many other banks.
form_title=401k Retirement Plan form_header=With a 401k plan you can choose to defer a portion of your salary and save for retirement. Who is your primary beneficiary?*= _[50] How long have you worked for your employer?*= _Enter Number of Years[50] What percentage of your salary do you want to invest?*= _[50] Would you like to contribute to your 401k weekly or bi weekly?*= () Weekly () Bi Weekly
In a 401k roth plan a person can decide to contribute before or after taxes, which is not available in a regular 401k. This can be very beneficial to some people.