I Want To Close Out My 401k. How Would You Suggest I Do That? I Was Recently Laid-off For 4mo. And Now Back To Work, But I Am Behind On My Bills(credit Card Debt And House Payments).
Answer:
The very best advice is to contact your account officer and discuss this next to them, some times a penalty may apply just depends on how your account is set up and what guidelines are inwardly your 401K program not all are the same. I just have a friend do that. Sorry to learn of your misfortune.
Times are bad right now. My prayers are next to you if that helps any.
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