401k
i have a401k though my employer. i have no access to this account.. is this legal?
Asked on 5/12/09, 1:09 pm
2 Answers from Attorneys
Richard Bryan
Richard Bryan Attorney PC
Re: 401k
A 401(k) plan is for retirement. It's not a bank account. When you retire and reach age 59 1/2 you can start taking withdrawals. If you get another job you can rollover your 401(k) into an IRA. But an IRA is also not a bank account; it's for your retirement years.
Good luck.
Rick Bryan
New York, NY
Answered on 5/13/09, 1:57 pm
Richard Bryan
Richard Bryan Attorney PC
Re: 401k
A 401(k) plan is for retirement. It's not a bank account. When you retire and reach age 59 1/2 you can start taking withdrawals. If you get another job you can rollover your 401(k) into an IRA. But an IRA is also not a bank account; it's for your retirement years.
Good luck.
Rick Bryan
New York, NY
Answered on 5/12/09, 2:32 pm
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