Get Answers About 401k Distribution

Is there a legal timeline a company must follow for a 401k distribution?

I left my job 1/23/09. prepared forms for a distribution. 3 months later I was told a distribution couldn't be done until 12/31 of the year I left. January 2010 I was told it now had to be valued. March I...

Answered 5/7/2010 | Answer This | 1 Answer | See Question

Early 401k Distribution

I had pulled a significant amount of money from my 401k in 2009 to try and catch up on bills. Because to the this, I am now in a new tax bracket an find myself owing the IRS allot of money. Is there any relief...

Answered 4/26/2010 | Answer This | 4 Answers | See Question

How do I determine if my State of Michigan Pensions and 401K Distributions are Private or Other pension subject to Michigan T...

How do I determine if my State of Michigan Pensions and 401K Distribution are Private or Other pension subject to Michigan Tax? I retired February 12, 2009 and took distributions from my 401K on two different...

Asked 3/12/2010 | Answer This | 0 Answers | See Question

401k distribution

I want to withdraw a one time specific amount from my 401k, I am retired.what is the difference between gross and net?

Answered 2/10/2010 | Answer This | 5 Answers | See Question

401k distribution from divorce and taxes

I was divorced in 2009. I was awarded 20000.00 from my ex 401k by qdro. It is now 2010. Will they withhold the IL state and fed tax before sending me the check? I heard in a divorce the early withdrawel penalty...

Asked 1/16/2010 | Answer This | 0 Answers | See Question

Does a 401k distribution make you ineligible for unemployment compensation? In Florida

I took two distributions from my 401k and not sure how this affects my eligibilty to collect unemployment

Asked 1/6/2010 | Answer This | 0 Answers | See Question

401k distribution being held due to hospital bill

Attempting to cash out a 401k and the distribution is being held up due to a judgment lien for a hospital bill for my child. Are they able to hold/garnish these funds for this type of debt?

Asked 12/9/2009 | Answer This | 0 Answers | See Question

IRA/SEP/401K distribution

I turned 70 on 8/25/39. When do I need to make withdrawals on each type plan and what are the requirements?

Answered 11/28/2009 | Answer This | 2 Answers | See Question

Refund of Withholding from 401k distribution Made in Error

Participant had fraudulant activity on his account. Someone else requested a distribution of his 401k funds. Federal tax was withheld in 2008. It was deemed in 2009 that the signature was a forgery. The participant's...

Asked 11/23/2009 | Answer This | 0 Answers | See Question

My brokerage firm is asking for money back from a 401k distribution from 4 years ago

They are asking on behalf of an old Employer that states there was an error made and that I now owe them money back. That 401k has since been rolled over to something else. Since the market nosedive, are they...

Answered 11/23/2009 | Answer This | 2 Answers | See Question

401k distribution?

I left my job and had to take a full distribution on my 401K. I intended to Rollover the funds and had the check made out to my new plan. I missed the 60 days Rollover Period and instead deposited the funds in...

Answered 2/20/2008 | View Answer | See Question

401k distribution?

Can anyone who knows about stocks help me with the distribution or know where to get help on managing my distribution of my 401k? the company i work in only matches like 50% up to 4% so that sucks. I need to balance...

Answered 12/28/2007 | View Answer | See Question

Using 401k distribution for primary home purchase, how much is taxed?

If I take out 100K from my 401K to use as a down payment for my primary home purchase, how much tax do I have to pay. Some say only 10% because it is a 'hardship' distribution. Its this true? Or is this...

Answered 7/31/2007 | View Answer | See Question

Tax question on 401k distribution?

I moved some post tax 401k money to a brokerage account (my own money I put in, no employer money). My 1099R shows the gross distribution, but as taxable amount shows zero. Is this a taxable event? The brokerage...

Answered 2/13/2008 | View Answer | See Question

I have a 401k distribution after be layed off and i want take $5000 off top to pay off car how bad tax will be

I have a 401K distribution and i want to pay off my car note because my income is fixed and i do not want to default the loan...I have at least 30k in my 401K account and I would like to take 5K from it to pay...

Answered 8/30/2007 | View Answer | See Question

How long to get 401k distribution check?

Hi, Can someone who has experience in this area tell me how long, by law does it take to receive your 401k distribution check after all the required paperwork has been submitted to your previous employer? I turned...

Answered 8/11/2007 | View Answer | See Question

Are federal and state tax rates the same for 401k distribution as ordinary income?

I read somewhere that we "might also pay state tax" on 401K distribution and wonder where the "might" happens vs. "might not". Also if 401K distribution is the main source of income,...

Answered 9/24/2006 | View Answer | See Question

How many days does a company have to comply with the 401k distribution after the sale of the company?

My company sold Sept. 1, 2007. The new owners have retained most of the employees and have offered and started a 401k plan. The problem is that we still haven't received the distribution from the old plan with...

Answered 12/6/2007 | View Answer | See Question

How much refund can i get if last year my sole source of income was an early 401k distribution?

Me: single, 28, no other source of income from 2006 other than a early distribution I got from my 401k. The amount was for $13k, of which $2.6k was withheld by IRS. Will be able to get a refund this year? If so,...

Answered 1/3/2007 | View Answer | See Question