2006-08-24 15:22:49 · 5 answers · asked by C N 1 in Business & Finance ➔ Personal Finance
I don't see why it would, especially if you don't cash it out. If you do cash it out you will more than likely just have to pay big taxes on it.
Now if you got a severance pay that will effect your unemployment, from what I have heard.
2006-08-28 11:08:59 · answer #1 · answered by Ren 2 · 0⤊ 0⤋
It shouldn't affect it at all. Unemployment is based on your earnings,and your 401K is your private asset. No need to declare it!
2006-08-24 16:12:47 · answer #2 · answered by Jay B 1 · 0⤊ 0⤋
401k, roth IRA, or other retirement account insulated from anything that happened right now. by Law, it is insulated
2006-08-24 18:02:23 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
It shouldn't because it's a retirement fund and you're not elible to draw from it until you retire.
2006-08-24 15:25:00 · answer #4 · answered by Annie's World 4 · 0⤊ 0⤋
It does not
2006-08-26 08:23:14 · answer #5 · answered by Happy to help 2 · 0⤊ 0⤋