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If you roll over a 401K from a previous employer to a new one can you pull out the money in it?

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Asked by Anonymous at 12:21 PM on Apr. 1, 2009 in Money & Work

Answers (2)
  • I have tried to get an answer to that Q for a long time. Not here of course. We have about $18k in a 401k from a previous employer and all we wanted to do was get it rolled over to either an IRA or into his new 401k and this union privatized company isnt letting us get to it. He no longer works for them so its not like any money is going to be contributed to it and its losing because of how its distributed in the stock market. I have yet to get answers. Good luck to you.

    Answer by momofsaee at 1:41 PM on Apr. 1, 2009

  • You can but you will have to pay BIG penalties to the government

    Answer by mamakirs at 2:47 PM on Apr. 1, 2009

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