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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.
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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
Will drawing on your 401k affect your unemployment in Washington state?
yes. once you withdraw the money it is taxable as income.
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
If over 60 can you get unemployment while getting 401k payment?
Some states vary but My understanding is you can IF the amount from the 401k is not larger than your unemployment benefit payment.
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 withdraw your 401K and take unemployment in Delaware?
sorry but no it is almost impossible
In Ohio are you allowed to withdraw after tax distribution from a 401K after you have started drawing unemployment from the same company you worked for without disrupting your unemployment benefits?
I took money out of my 401K and lost my benefits for a five months. So did any of my group who were laid off who took any money out. We are all from ohio. I am not sure how the person who answered yes could have gotten around this. We were all senior employees and it was old money. Didn't matter. If you took any of it, it off set our unemployment.
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Apparently, the money you put in a 401K Plan and withdrawn would not be deducted from unemployment benefits, but possibly that contributed by the employer may be deducted.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
How do draws from 401k affect Social Security benefits?
Withdrawals from a 401(k) do not directly impact Social Security benefits. However, if you withdraw a significant amount from your 401(k) and it increases your overall income, it might subject a portion of your Social Security benefits to taxation.
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.
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.
