by Znicest on August 14th, 2009

Znicest

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I want to cash my 401k in an I'm nowhere near retirement, how do I got about this? Im currently unemployed also.

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  • by qwerty on August 14th, 2009

    qwerty

    you should contact the plan administrators
    as I said in your other Q
    you will lose at leat 30% of vested value
    20% to taxes and 10% to the IRS for early withdrawl penelaties

    Comments
    • how do I find out who is my plan administrators

      Znicest

      by Znicest on August 14th, 2009

    • you should get statements monthly or quaterly in the mail
      if not contact ur former employer

      qwerty

      by qwerty on August 14th, 2009

    • oh yes your right, i know what you mean now

      Znicest

      by Znicest on August 14th, 2009

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