Early Retirement & Financial Independence Community - View Single Post

jazz4cash · 02-13-2007, 05:46 PM

Considering the series of issues in your life, you seem to have a pretty positive attitude........that should see you through these difficult times. Good Luck!

You may be able to do a 60 day rollover from 401k to an outside IRA. Anything not rolled over within 60 days could be subject to 10% penalty for early withdrawal. There could also be 20% witholding, but another poster recently said the mandatory witholding won't apply for funds from an employer plan.

02-13-2007, 05:46 PM	#9
jazz4cash Thinks s/he gets paid by the post Join Date: Aug 2004 Location: Laurel, MD Posts: 1,239	Considering the series of issues in your life, you seem to have a pretty positive attitude........that should see you through these difficult times. Good Luck! You may be able to do a 60 day rollover from 401k to an outside IRA. Anything not rolled over within 60 days could be subject to 10% penalty for early withdrawal. There could also be 20% witholding, but another poster recently said the mandatory witholding won't apply for funds from an employer plan. __________________ "there is reasonable money to be made in lending people money to buy houses. I refuse to believe that there is, really and sustainably, enough money in it for the originators and the servicers and the insurers and the bond underwriters and a hundred different tranche buyers and swap dealers and my pet kitty to take a piece of the interest." -Doris Dungey (Tanta) of Calculated Risk