Skip to main content
April 15, 2024
Question

If i was displaced from a job and they paid me out early from my retirement plan (401k) can my early withdrawal be reduced?

  • April 15, 2024
  • 1 reply
  • 0 views
Please note that I did not request an early withdrawal, my previous job did this.

1 reply

April 15, 2024

Only if you rolled it over within 60 days. If you did not roll it over, then you would be responsible for tall the taxes on the withdrawal.  

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"