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HOW DO I ACCESS MY 401K PLAN?

Dec 09, 2018 by JACQUELINE in  |  Flag
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Jacqueline, You should be receiving statements quarterly by mail or email. If you are still working for the company, you can find out if they have loan provisions and if your need qualifies. Otherwise, if you take money directly out of the plan, you will have to pay a penalty of 10% plus taxes. The funds in the 401(k) have never had income tax taken out until you take possession of the funds, these are withheld at a rate of 20% then added both the withdrawal and taxes are calculated with your tax return

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