I currently collecting unemployment and will be eligible for SS in a month. May I apply for my Social Sucurity while I am collecting unemployment?
if i am getting unemployment benefits in florida and take money from my 401k does that disqualify me from unemployment benefits
technological unemployment
can you close out your 401k and still receive unemployment benefits
technological unemployment
Generally, no.
Doesn't matter as you have a job where you contribute to society now. Be your own unemployment
No, 401(k) withdrawals are not considered income when collecting unemployment benefits. Unemployment benefits are typically based on your earnings from employment, not on retirement account distributions. However, it's important to check the specific regulations in your state, as rules can vary. Additionally, withdrawing from a 401(k) may have tax implications and penalties.
This would depend on Oregon's determination under these circumstances. What were the terms of 'voluntary layoff'? Was it for the benefit of the employer? Was it to avoid the stigma of 'fired' or 'quit'? Was it to get or avoid unemployment benefits?, etc.
Yes. If you're unemployed and otherwise eligible for unemployment payments, a rollover of 401k assets does not change that.
Some states vary but My understanding is you can IF the amount from the 401k is not larger than your unemployment benefit payment.
I am not unemployed.