Cash Hash, Cash, Cash Advances, Cash In Advance, Cash Flows, Cash Back, Cash Loans, Free Cash » Cash Hash » Get Cash/ Cash Out » how do i cash out my wal mart 401k?

Reply
Old 07-27-2011, 12:05 PM   #1 (permalink)
Junior Member
  • Join Date: Jul 2011
  • Posts: 2
  • User Status: Heath is offline


Default how do i cash out my wal mart 401k?



  Reply With Quote
Sponsored Links
Old 07-27-2011, 12:05 PM   #2 (permalink)
Senior Member
  • Join Date: Jun 2011
  • Posts: 463
  • User Status: Huntsman is offline


Default how do i cash out my wal mart 401k?

You can't be employed and cash it out while you are working.
If you are no longer with them, contact walmart and ask them for your plan administrator.
Or look at your 401K statement and see if it provides a contact number.
Note: Cashing out can easily put you in a higher tax bracket.
Save some money aside for tax time to pay all the taxes and the 10% penalty
(the company may keep 20% aside to help you pay for those taxes)
  Reply With Quote
Old 07-27-2011, 12:05 PM   #3 (permalink)
Junior Member
  • Join Date: Jun 2011
  • Posts: 7
  • User Status: GardenGirl is offline


Default how do i cash out my wal mart 401k?

Just to be clear - Huntsman means you will pay tax and pay a penalty. Looking at 20% + 10%. If Walmart holds back tax it will NOT include the penalty fee. Make sure you have enough money to pay the taxes to the state, federal and the penalty or your money will be gobbled up in IRS/State fines and penalties. I know someone that actually ended up in the negative!
  Reply With Quote

Reply

Bookmarks

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
I quit wal mart how about to cash out my 401k? Ratana Cash Back 4 07-10-2013 10:05 PM
will walt mart cash a 401k check in california? Mauricio Cash Advance/ Cash Advances 1 01-29-2013 06:04 PM
will wal mart cash a 401k check? Tiffany Cash Back 2 11-28-2012 04:05 PM
My brother wants to cash his 401K, but 401K said he can't cash the money and has to get the loan. Please help? Smartgirl Money Cash 2 06-02-2012 12:05 PM
How do I cash out my 401k from wal-mart? RPGirl Cash Back 0 05-29-2011 08:35 AM

Member Login

User Name:

Password:

Remember Me?
Copyright 2011, CashHash.com. All Rights Reserved