by lmagg67 on December 29th, 2008

lmagg67

Question

Help answer this question below.

I haven't done anything with my 401k yet and it is over $1000 in the account.......will it automatcially cash out if I don't do anything with it after 60 days.

  • Like
  • Report

Answers. 1 helpful answer below.

  • by Cyanotic Wasp on December 30th, 2008

    Cyanotic Wasp

    What exactly do you mean with "haven't done anything with" the account? Have you withdrawn it in preparation for moving it to another 401(k) or IRA? Have you cashed it out to spend, or taken distribution under a qualifying tax-free provision? Or are you still working for the same employer and simply making contributions, or have you stopped making contributions but retained the account?

    Your question is missing too much information to make any kind of intelligent answer.

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

You're reading I haven't done anything with my 401k yet and it is over $1000 in the account.......will it automatcially cash out if I don't do anything with it after 60 days.

Follow us on Facebook!

Related Ads

ANSWERBAG BUZZ

Which sport has the most fans