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by Jeffers on June 20th, 2009
the answer depends - do you still work there?
If you still work there, you can get a hardship loan, if you qualify. It will necessitate that you do not contribute for one year, but the qualification criteria is steep.
If you do not work there, you can simply withdraw the money, BUT they will withhold taxes and an early withdrawal penalty (I think the penalty is 15%)
If you just quit, you can move the money to another company for management. This is called a "Rollover 401k.) This is desirable because it expands your investment options and gives you greatest control of your money. The money remains sheltered and is not available for casual withdrawal.
The worst thing you can possibly do with a 401k is withdraw the money. Don't take it because you just want to spend it. Withdraw only if you're absolutely desperate and have exhausted every other possible alternative.
by Anonymous on June 20th, 2009
The ONLY way I know how that can be done, is to RESIGN or get fired.
Check with someone legally qualified to advise you on such matters, such as a tax attorney, financial planner or a CPA.
They will guide you with advice on how to claim your money.
+5
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You're reading Hello i work for taco bell for about 20 years and i wont to know hopw i can get my 401k out and get my cash
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