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If over 60 can you get unemployment while getting 401k payment?
Wiki User
∙ 15y ago
Some states vary but My understanding is you can IF the amount from the 401k is not larger than your unemployment benefit payment.
Wiki User
∙ 15y ago
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Can you draw 401k and unemployment in Florida?
if i am getting unemployment benefits in florida and take money from my 401k does that disqualify me from unemployment benefits
Does your employer report your 401k payment to unemployment?
If your state requires 401K payments figured in with your wages or income received during your benefits period, then yes, otherwise I think not.
What to do with 401k after layoff collecting unemployment?
can you collect unemployment and make withdrawls from a 401k when 591/2 in maine
Can you close your 401k?
can you close out your 401k and still receive unemployment benefits
Can you receive unemployment benefits while receiving 401k benefits in Texas?
Yes, but it is possible that Texas MAY deduct from your unemployment benefits that portion of your 401k that was contributed by the employer. Check the Related Link below and the Texas 'office to determine their criteria.
Can you rollover your 401k into another plan and still collect unemployment?
Yes. If you're unemployed and otherwise eligible for unemployment payments, a rollover of 401k assets does not change that.
Can you receive unemployment benefits while receiving 401k benefits in California?
Apparently, the money you put in a 401K Plan and withdrawn would not be deducted from unemployment benefits, but possibly that contributed by the employer may be deducted. It is best to contact the unemployment office and find out for sure. The Related Link below gives more detail. 401K is similar in many respects to pension payments
Can you withdraw your 401K and take unemployment in Delaware?
sorry but no it is almost impossible
Will 401k distribution affect unemployment insurance in CT?
To the extent that your 401k distribution includes Employer contributions, a percentage of the distribution would be used to offset your unemployment benefit. If there are no Employer contributions there would be no effect on your benefits.
Can you withdraw from your 401k and received unemployment benefits in Arkansas?
Pension or 401K payments: Payments from a 401K or other pension plan, will not affect your unemployment benefits if:you are subject to a penalty for early withdrawal;you roll all of it into another retirement fund without taking a payment; or,the payment is from a fund that none of your base period employers paid into (in other words, it is a pension from a former employer that has not paid you any wages in the past 15-18 months). If you retire from your base period employer, your monthly payments will reduce your unemployment benefits dollar for dollar. Example: Pension of $433 per month = $100 per week. UI benefits reduced $100 per week.http://www.uimn.org/ui/other.htm
Is a 401K the same as an IRA?
A 401k and a IRA are different. A 401k is a employer sponsored plan while a IRA is not.
Can I use a monthly payment calculator to figure out how my employer determines my monthly 401k deduction?
You can use a monthly payment calculator to figure out how your employer determines your monthly 401K deduction. A good site that has a calculator is labpixie.
