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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

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16y ago

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Can you lose a 401k?

Yes, You can lose Money in a 401k


i got fired from my job. can i get my 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.


What are the differences in tax implications between a traditional 401k and a Roth 401k?

The main difference in tax implications between a traditional 401k and a Roth 401k is when you pay taxes on the money. With a traditional 401k, you contribute money before taxes, so you pay taxes when you withdraw the money in retirement. With a Roth 401k, you contribute money after taxes, so you don't pay taxes when you withdraw the money in retirement.


What is the 401k rollover and what does it do?

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.


What's the difference between a 401k and a Roth 401k?

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.


How much money can you put into 401k in a 2014?

m 401k contribution in 2014


What are the differences between a traditional 401k and a Roth 401k in terms of after-tax contributions and withdrawals?

The main difference between a traditional 401k and a Roth 401k is how they are taxed. In a traditional 401k, contributions are made with pre-tax money, meaning you don't pay taxes on the money you put in, but you pay taxes on withdrawals in retirement. In a Roth 401k, contributions are made with after-tax money, so you pay taxes on the money you put in, but withdrawals in retirement are tax-free.


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what age do you have to be to get money from your 403b or 401k


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How old do you have to be to take money out of a 401k?

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What happens to your 401K when you leave your employer?

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Can you put money into 401K for 2007 in 2008?

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