Home  >  Financial Questions and Answers  >  I requested to withdraw my total funds from my...

I requested to withdraw my total funds from my account,when can I state the manner in which I want to receive my funds? lump sum or payment plan.?

Sep 26, 2012 by david from San Pedro, CA
1 Answer   |  2 Followers
Follow Question
2 votes

David, When you request a withdrawal from your 401k plan the withdrawal form should give you the option to choose how you want. You should consider some guidelines before you decide. Such as , are you seperated from service, are you of retirement age and do they have in service withdrawals. Work with an advisor or the plan administrator to get some guidence. Good Luck, Dan

Comment   |   Share This Answer   |  Report   |  Sep 27, 2012 from Ocean, NJ

1|600 characters needed characters left