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Asked 6/2/2008

Is a 401k required to allow a participant to rollover or withdraw his money when leaving the plan?

Is a 401k required to allow a participant to rollover or withdraw his money when leaving the plan?

 
 
 
 
 
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Answer 1/1 - Submitted 4/15/2012

You can rollover. Generally, you cannot withdraw money without paying a tax penalty, plus an administrators fee. Ask the administrator. Sometimes you are allowed to withdraw money under an emergency.

 
 
 
 
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