In January 2023 I was layed off from my job where I've been employed for 8.5 years in an executive sales role. I signed a severance agreement and have started to move on with my career. One month after my final day the company removed $17,000 in employee contributed funds and nearly $3,000 in...
I have a family member where the company they work for has a 401k plan with a percentage match. As it turns out there check has been deducted from every other week (they get paid bi-weekly) but the amount that is suppose to be going into a 401k hasn't been going into the 401k account since the...
Hello,
I've a question about the penalties or taxes due on cashing out an inherited 401K plan.
I am inheriting a deceased family member's 401K account and I am the sole beneficiary on the account.
I am trying to find out if there are any taxes due (state, federal, etc.) or penalties for cashing...