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Can I get my 401k money out was told I had to wait one year was curious advisor wasn't sure on any other questions I ask?

I worked for RG Johnson company inc for 9 years before getting laid off then later terminated

Sep 25, 2016 by vincent in  |  Flag
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Vincent,

Did they state a reason why you had to wait a year? If you're no longer working for the company there shouldn't be a restriction.

1 Comment   |  Flag   |  Sep 26, 2016
Billy Defrance, CFP®

The plan could be a pooled plan with only annual values at the participant level, thus having to wait for the report to get a distro amount. Otherwise I can't think of any reason for the delay, either.

Flag |  Sep 26, 2016 near El Paso, TX

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What other questions did you have that the adviser could not answer?

Comment   |  Flag   |  Sep 26, 2016 from El Paso, TX

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