how do I roll over my 401K?
594793
It is very simple.  Contact your old HR department and ask them what process they follow.  Some companies now will do rollovers over the phone if you tell them the name of the new custodian.  They have to mail you the check, but it will be made out to the "new custodian c/f you."  If you can do it over the phone, go to your bank/brokerage/investment company you do business with and set up a rollover IRA then call the 401(k) plan and tell them the name of the new custodian and the new account number.\n\nSome comapnies still make you fill out paper forms, so it's always best to call your old company first and find out what method they follow.  This will save you some time because you'll know how to do the rollover, or will have the paperwork to roll it over, when you go and set up your new IRA.
742987
Check with your HR or Benefits department, but generally speaking you can not cash out your 401(k) unles you seperate from service first.  The only alternative is a loan, but that could become messy if you wind up leaving before you pay it back.\n\nIf somehow your plan allows early distributions prior to retirement or seperation of service, then the other answers are correct.  If you receive a check directly from the plan, then by law they have to withhold 20% for taxes.  The entire distribution will more than likely be taxable (if you have after tax contributions, then you pay no tax on those) and you will be subject to a 10% IRS penalty. \n\nIf you meet one of the qualifying distribution exceptions for IRAs (first time home purchase, medical expenses, college expenses, etc...) then if you roll your 401(k) into an IRA FIRST and then take a distribution you may be able to avoid the 10% penalty.  You also control the amount that is withheld, so you may be able to keep more of your money.  Again, this is usually only an option if you're over 59 1/2 or if you seperate from service i.e. quit or change jobs.  But you may be able to keep more of your money.  You can open a rollover IRA at any bank, find one that DOESN'T charge a fee for the account.
369277
If the company is still in existence you should be able to call them and request a transfer to a new account (you will need to set a new account up).  Or you get a full distribution, but I don't recommend that, the Federal Withholding Taxes will eat up your money!  Also, if you have a statement from the bank or company that manages the Pension Plan, you may be able to skip contacting your previous employer and just send a transfer request to them.  When you open a new IRA (at the place of your choice, their are many on line places) they should have a form that can be sent to have your old Pension rolled over.  Let me know if you have any additional questions.
434245
consult your employer or 401K manager
848955
THe best thing to do is locate your statements from the 401k plan, not the company you worked for.\nCompany's like Charles Schwab or The Hartford are the 401k providers.  Usually you should get a quarterly statement about your 401k to determine which company holds the account.  You can also try calling different firms that you believe may hold the account, as they can often locate an accoutn with your SS #  \n\ngood luck
57714
This is just my opinion :)...\n\n401K reasonable. Couple of things may happen...where the company contribution goes and where your contribution goes. Also, generally takes 3 to 5 years to be fully vested so you "get" the entire company contribution. If you go this way, take advantage of the maximum employer contribution. It's free money!\n\nROTH IRA  Taxed before you put it in so you aren't taxed when you take it out (Traditional IRA's are the exact opposite). Suggest you contact a broker, start a monthly contribution to a ROTH in a solid mutual fund. A good broker will sit with you and discuss your risk tolerance.\n\nIf you can afford to do a 401 and an IRA, do both.\n\nRegardless of what plan you choose, get started now and make monthly contributions.
562118
Basically, You have to pay the tax plus a 10% penalty\nTopic 424 - 401(k) Plans\n\nA section 401(k) plan is a type of tax-qualified deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her cash wages to the plan on a pre–tax basis. These deferred wages (commonly referred to as elective deferrals) are not subject to income tax withholding at the time of deferral, and they are not reflected on your Form 1040 (PDF) since they were not included in the taxable wages on your Form W-2 (PDF). However, they are included as wages subject to social security, Medicare, and federal unemployment taxes. \n\nThe amount that an employee may elect to defer to a 401(k) plan is limited. Therefore, your elective contributions may be limited based on the terms of your 401(k) plan. Refer to Publication 525, Taxable and Nontaxable Income, for more information about elective deferrals. Employers should refer to Publication 560, Retirement Plans for Small Business, for information about setting up and maintaining retirement plans for employees, including 401(k) plans. \n\nDistributions from a 401(k) plan may qualify for optional lump–sum distribution treatment or rollover treatment as long as they meet the respective requirements. For more information, refer to Topic 412, Lump–Sum Distributions, Topic 413, Rollovers from Retirement Plans, and Topic 555, 10–Year Tax Option for Lump–Sum Distributions.\n\nMany 401(k) plans allow employees to make a hardship withdrawal because of immediate and heavy financial needs. Generally, hardship distributions from a 401(k) plan are limited to the amount of the employee's elective deferrals only, and do not include any income earned on the deferred amounts. Hardship distributions are not treated as eligible rollover distributions. \n\nDistributions received before age 59 1/2 are subject to an early distribution penalty of 10% additional tax unless an exception applies. For more information about the treatment of retirement plan distributions, refer to Publication 575, Pension and Annuity Income.
660272
CALL THE COMPANY TO SET UP A PAYMENT PLAN OR TRY TO USE THE MONEY IN A 401K TO PAY OF WHAT IS OWED
879992
To roll it over into your name makes it a taxable event unless you are the spouse.  Once the taxable event has happened and you claim this on your income taxes, the money becomes "Non Qualified" money, and you do not have to continue taking the distributions.  Really bad advice from this bank.  They want you to roll it over with them so they can make the commission again!  I'd contact a reputable insurance company, and have them roll it over into an annuity, and let this money sit and grow tax deferred for years.  This could be quite a nest egg when you get ready to retire.  Don't do the annuity with the bank, or broker the interest tends to be lower because you have a middle man.  Let me know if I can put you in touch with someone that can make this simple and right.
129902
As the other answerer mentioned, there are two\nsituations:\n\n  1) \n     You rolled the 401k over from a previous employer's\n     plan into either your new employer's plan or\n     into a private 401k account (ie. at Fidelity or\n     Ameriprise or something like that).\n\n     In that case, it is not considered a withdrawal\n     and there are no taxes involved.\n\n     As I recall, you have something like 60 days\n     from when you remove it from one plan before\n     it must be placed into another.  Keep your \n     records in case the IRS checks up on you :-)\n\n  2) \n     If you withdrew the money and just kept it in\n     a bank account, you not only have to pay taxes\n     on it, but you'll probably have to pay a \n     penalty as well.
311985
Do you have someone like Schwab or Merril Lynch managing your account? Is this a 401k? You can get your account activity online through whomever is brokering your account. If it's through your work, go to the personnel office and ask for the information booklet on how to access your account information. If you just want to know how your stock is doing, click stocks on your Yahoo! home page and enter the symbol SHLD. (Kmart owned by Sears holding Co.) That will tell you the value.
989871
You can, but probably don't know how.  Go to Yahoo.finance and look (on the side-bar) for instructions.
453876
First be careful of "rolling" any money without checking the tax consequences of the event. The IRS will get the money one way or the other-make sure it doesn't happen too early or for the wrong reason. Using the 401k to pay off debt should only be done if you can absorb the early withdrawal penalties ( taking contributions prior to age 59.5 for reasons such as credit card debt are subject to ordinary income tax plus 10%- you could potentially lose 50 to 60 percent of the withdrawal off the top) \n\nThe Roth IRA is a good product for retirement, however there may be other avenues you could go with money (depending of what you want out of your investment portfolio) that would not result in certain tax consequences and allow access to your money.\n\nemail me with further questions - i deal with these situations on a regular basis\n\ntake care
733043
18% in one year? That's really good.\n\nKeep in mind we're talking just one year, and we haven't begun to factor in losses from time to time cutting into that rate of return. \n\nOver a long period of time your rate of return for the typical balanced fund should settle around the historical 6-8% return. \n\nConsidering it's the end of the year and about time to think about taxes, now would be a good time to evaluate your portfolio and figure out a good way to lock in some of those gains in your retirement portfolio, which includes your 401k.\n\nI would rebalance my portfolio so that some of my gains are transferred over into underperforming parts of my account, as well as consider whether those underperformers still provide balance in your overall investment strategy. Just because some portion lost money doesn't mean that, one day, they won't provide support when those high-flyers take a hit.\n\nI'm no professional, so my experience is all personal. But I can at least say I pay enough attention to my investments w/o being obcessed by it. And they've been doing pretty nicely, even through the rough spots a few years ago.
53875
OK, you CANNOT roll a 401k account directly into a Roth IRA. You can roll your money into a Traditional IRA and avoid any taxation and penalties. (Definetly a good idea.)\n\nYou could then convert your Traditional IRA to a Roth IRA, but in doing this you would have to include the amount you convert as taxable income (pay income tax on the full amount). This may push you into a higher tax bracket, depending on your income and the size of your account.\n\nAssets in a Traditional IRA will be taxed when you withdraw them in retirement while the Roth IRA assets can be withdrawn tax free in retirement. Speak with a financial planner to help decide which choice is best for you.
916337
Macy's San Diego is controlled by Macy's West, a subsidiary of Federated.  Macy's West is in San Francisco.  Call the human resources line: 415-954-6671 and let them know that you are trying to roll over your 401k into an IRA. More likely than not, your 401k is being managed by a third-party like Franklin Resources, Fidelity or one of the other thousands of fund administrators.  They'll probably try and point you in that direction.  However, before you hang up with Macy's, make sure you have all your information that you need to access your 401k account.  \n\nFor example, you'll probably need your employee number, what dates you worked for Macy's and even what address you lived at when you lived there.  Basically, this information is required because you are going to need to validate your identity to the 401k administrator.  You should have also been given a 401k pin and website... that will make life much easier, but it sounds like you lost that. \n\nI just went through this process.  It took a few times calling back and forth, but it wasn't a big deal.  Just keep your calm and it should be over pretty quickly.  Also, you should probably roll over to an IRA - not your 401k - since you have a huge amount more options. I recommend Vanguard (www.vanguard.com).
552611
1800Merrill\nBut before you borrow from your 401k be sure to read attached article.