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Infolawyer
Infolawyer, Lawyer
Category: Employment Law
Satisfied Customers: 54257
Experience:  Licensed attorney helping employers and employees.
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If i got fired and cashed out my 401k, do i still have to pay

Customer Question

if i got fired and cashed out my 401k, do i still have to pay the heavy penalty to the irs?
Submitted: 8 months ago.
Category: Employment Law
Expert:  Infolawyer replied 8 months ago.
Yes, instead you want to roll over the account into another qualified 401k account at new employer or personal bank.
Expert:  Infolawyer replied 8 months ago.
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