Who Can Withdraw From 401K?

  1. 3998 POINTS
    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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