401K withdrawl

Quincy, MA

#1 Apr 8, 2012
I have around 40K in my 401K. I am in real need of money and I want to see how I can use that money. Also, I have plans to return to my home country way in advance of 59.5 years. What is the best way to stop putting money into this and How can i get the maximum out of what I have already put in.

Thanks in advance

Quincy, MA

#2 Apr 14, 2012

Chantilly, VA

#3 May 17, 2012
What is the best way to stop putting money in? The answer is simple: stop putting money in. Speak with your employer to change your deferral amount.

How can you get the maximum out of what you have put in? Consult a tax professional to draw the funds over a number of years to insure the lowest tax liability each year.

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