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To: bkopto

Other than no longer contributing, how to get one’s own money without leaving the employer?


2 posted on 07/25/2011 2:59:50 PM PDT by kimmie7 (I do not think BO is the antichrist, but he may very well be 665.)
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To: kimmie7

You can transfer to an individual IRA/Rollover account.


5 posted on 07/25/2011 3:04:52 PM PDT by samadams2000 (Someone important make......The Call!)
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To: kimmie7

“Other than no longer contributing, how to get one’s own money without leaving the employer?”

If you want half of it... you can have it. Close the account, take an early pay out.

10% off the top pentalty, then the rest is taxed as income.

You’re better not messing with it, and hoping the government doesn’t pull a fast one.


8 posted on 07/25/2011 3:07:34 PM PDT by brownsfan (I miss the America I grew up in.)
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To: kimmie7
Other than no longer contributing, how to get one’s own money without leaving the employer?

Would it be legal to quit the job for a few days, quickly roll the 401K over into an IRA, then get rehired (which I could do and I know I would be rehired), and cash out of the IRA?

10 posted on 07/25/2011 3:10:06 PM PDT by bkopto (Obama is merely a symptom of a more profound, systemic disease in American body politic.)
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