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2007-10-24 13:00:52 · 1 answers · asked by david c 1 in Business & Finance Personal Finance

1 answers

Yes, you can take everything that you contributed and if your company matched, you can take whatever vested portion -- typically a set number of years to fully vested and you get a percentage for every year you've been in the 401K.

You don't want to take a cash withdraw tho. Not only will you have to pay income taxes on the whole amount but you have to pay a 10% penalty if you not at least 59-1/2.

Roll it over into an IRA. The HR department should have instructions. Or you can just call the finacial company that manages the 401K.

2007-10-24 13:29:14 · answer #1 · answered by bdancer222 7 · 1 0

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