Who Can Withdraw From 401K?

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   Matt Benore

   Founder, DenverWest Insurance Professionals, Inc.,

   Only the owner of the 401 (k) can withdraw money.   If the owner is deceased, then the beneficary can make a claim to receive the balance of the 401 (k).  
   
   You need to be aware that when a withdrawal of monies is made, taxes will be owed the year the withdrawal is made.

   Answered on June 12, 2014

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