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401K Cash Out
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Hello I am 25 years old and I left my job in May 2007. I have about $7000 in my 401k, I have just moved to another state and have been unable to obtain employment. I need this money desperatly, however I was told by my plan administrator that I can not cash out until August of 2008. Is this...
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I am 45, I have a 401k with 41,000 in it from a old job I have a little over 21,000 in credit card debt I am drowing each month I do have other 401ks and other investments of 62,000 is it wise to cash out the 41,000 and pay off credit cards and build wy savings back where it naads to be :confused:
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If you cash in a 401K that was only about $3,500 how will that affect your income tax return the following year?
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Could you tell me when and how much taxes I would pay if I cashed out my 401K which is $28000.00. Earnings for the year is $52000.00. Would that $28k be added to my income?
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Does anyone like a challenge? Lol As you can tell by the title a lot of changes in ’06…I reside in NH but work in MA and collected unemployment in Mass... 1. Laid off 1/4/06…Got residual hourly rate of $1500 GROSS, commission of $500 GROSS and annual bonus of $1000 GROSS… 2. Cashed out... View more questions Search
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