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Sep 1st, 2008, 10:07 AM
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#1 |
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Senior Member
Last Online:
Yesterday 06:05 AM Join Date: Mar 2008
Posts: 14
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401k plan
I want to draw against my 401K plan. If I do, it says that I have to repay if I terminate my employment. But if I terminate without drawing against it, don't I have the right to withdraw it anyway rather than roll over to another company plan?
And if I do draw against it, and terminate, would I not just get the money left in the plan when I leave?? I know all about the taxes and penalties etc I do not understand this. Any help please. |
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Sep 2nd, 2008, 09:00 AM
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#2 |
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Posts: n/a
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Re: 401k plan
I think they mean you have to repay or you need to terminate and pay all taxes due.
But in any case run this by a financial planner before you mess with those savings. |
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