I still have a 401k with Vanguard from the company I used to work for 2 years ago. Can I withdraw the funds?

I am 30 years old and need the money and understand a bulk will go to taxes but I am in a bind. Am I able to cash out the 401k for whatever after taxes it will be?

Yes you can withdraw money from it. Since you 30 years old, you have to understand the penalties and taxes that will come with the withdrawal.

Though, I wouldn't recommend it. I would roll over the 401(k) into an IRA. Currently you can only roll your 401(k) into a Traditional IRA. You must deposit the whole balance of your 401(k) within 60 days of receiving the check.

If you didn't notice, there is a loop hole here. During the 60 day period, you can use all or some of the money. But you have to make sure you can put it all back before the 60th day. If you don't deposit the whole balance of your 401(k) into the Rollover IRA, you will owe income taxes and pay penalties.

Yes, call Vanguard to start the process.

Yeah, you sure can. At least you do know about the penalties. Is this the only option that you have? What have you tried before resorting to this?

Just want to know if I could direct you to somebody who might be able to help. But need to know how imperative it is and how soon it needs to be taken care of.

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　　Venture Investment 　　Venture Capitalist 　　Venture Capital 　　VC Fund 　　Vanguard Fund 　　Value Investment 　　Trust Investment 　　Stock Investment

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